For economically weaker countries, Greece for instance, it is not an option because reintroducing a national currency would mean a strong currency
devaluation, dramatic inflation, impoverishing the population and a persistent distrust from lenders," he said.
On Sunday, the central bank kept its rate at three per cent, and said that a strong currency
and recent increase in policy rates would moderate inflation in the coming months.
It's a strong currency
which behaved during the last ten years better than even the Deutsche Mark in the previous decade," he said.
Domestic producers have long complained that Iran's policy of keeping a strong currency
has favored imports over local products.
The monetary union project is in the preparatory phase and the possibility for both countries to be part of it remains high, especially if a successful and strong currency
is launched," he said.
After all, the eventual target of this agreement is not only to create a single currency but to build the institutions which are capable of launching a strong currency
, protect it and preserve its value in the future.
Geithner for his part reaffirmed Washington's support for a strong currency
, saying, "A strong dollar is very important to the United States.
The Czechs, who have enjoyed low Interest rates and a strong currency
In recent years and avoided banking sector collapses, have not set a firm euro entry date, saying they would first have to ensure theyjoln at an appropriate time.
A strong currency
, however, is a barometer of economic strength.
It dampens the effect of then having to sell a coatings or other product outside Europe priced in a strong currency
like the euro.
Record results have been achieved despite a strong currency
headwind and a further rise in raw material costs.
There is also little reason to invest in capacity in Brazil, since its strong currency
is attracting imported polyethylene from the U.