Jeffrey Sachs Quotes

If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?

One certainty when you travel is the moment you arrive in a foreign country, the American dollar will fall like a stone.

Whoever gambles with the dollar, loses

We need to adopt a new currency. It doesn't matter what or how we call it - lira, sterling, Roman sesterce.

There's a lot of companies that profit from a weak dollar.

Chances are the movements of the euro as against the dollar will be relatively moderate.

The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.

English businesses would face massive transaction costs if Scotland, their second biggest export market, used a different currency.

Once you change your currency to another dominant nation's currency you become dependent, you stop being the master of your economy. You submit yourself to the rules and regulations of another country.

The most important quality of a currency is its stability.

The currency of any country, whether it be coin or bank-notes, cannot be increased beyond the mercantile wants of that country, without producing a depreciation in the parts which compose the currency.

I believe that currency trading should not be a business at all.

The most important thing that most countries around the world believe in is letting the markets determine the currency.

The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there may be a democratization of the way currencies are priced.

To the extent the dollar gains strength relative to other currencies, assets priced in those other currencies would become cheaper on a dollar basis.

My father worked in currency exchange, and my mother is a businesswoman.

Fun things happen when you earn dollars, live on pesos, and compensate in rupees.

There is never enough gold to redeem all the currency in circulation.

We keep our reserves both in dollars and in Euros mostly.

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.

Yesterday is a cancelled check. Today is cash on the line. Tomorrow is a promissory note.

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.

Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.

The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.