Emirates Airline has a "substantial" amount of ticket sale revenue trapped in Nigeria and has made only slow progress in repatriating blocked funds out of Africa's biggest economy, it said on Friday.
Foreign currency interventions, when conducted unannounced, are designed to maximize the effect of correcting rapid currency moves and such operations are effective "to a certain degree," Finance Minister Shunichi Suzuki says
for them to actually come into the open market and say, we have all these foreign currencies that are sitting on our reserves, we are basically going to be selling and that includes the dollar so they are going to sell the dollar and buy their own currency off the back of it. that is obviously currency intervention. but we know it affects markets, very liquid markets, you know, with a lot of flow going through. so any individual currency is usually unable to reverse the tide on the direction of the way that their currencies are going. so usually, at best, what we have seen is that currency intervention can slow down some of these trends but they are not able to reverse them, particularly when these trends are being driven for fundamental reasons. how much of the dollar strength can be attributed to the policies and the economics within the us, versus i guess just weaker economies outside? you know, i think that s a great question. what the dollar is doing is a function of what s going
we have all these foreign currencies that are sitting on our reserves, we are basically going to be selling and that includes the dollar so they are going to sell the dollar and buy their own currency off the back of it. that is obviously currency intervention. but we know it affects markets, very liquid markets, you know, with a lot of flow going through. so any individual currency is usually unable to reverse the tide on the direction of the way that their currencies are going. so usually, at best, what we have seen is that currency intervention can slow down some of these trends but they are not able to reverse them, particularly when these trends are being driven for fundamental reasons. how much of the dollar strength can be attributed to the policies and the economics within the us, versus i guessjust weaker economies outside? you know, i think that s a great question. what the dollar is doing is a function of what s going on within the us and outside