Nirmala Sitharaman Quotes

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

I understand that the rupee is fairly market determined.

A stronger dollar increases U.S. dollar purchasing power.

My theme this evening is that America needs a competitive dollar.

The job of the Central Bank is to worry.

When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.

The prices of all imports would rise if the dollar depreciates.

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

The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

For us in England, the relative value of the pound against the dollar, that has a huge impact on how easy it is to get our films made in the U.K.

A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.

I remember being in the Ontario Legislature and the Liberals yelling over at me about the fact that the dollar was rising, and that was bad for business, and didn't I realize that. And I thought, 'What are you talking about?' The value of the currency in part, large part, reflects the world's view of the state of our economy.

Nothing is more vital to our supremacy as a nation and to the beneficent purposes of our Government than a sound and stable currency.

... a baseless currency varying every fifty miles and fluctuating everywhere.

The most important quality of a currency is its stability.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

The emerging economies, many of them are concerned. They didn't want the money to slosh in. They are afraid when the money sloshes out, but the tapering has to take place, and we have to be able to manage it.

In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable impact on prices in the U.S.

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.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.