Sergei Lavrov Quotes

It's not so unusual to run out of someone else's currency.

I think that the tying of the Montenegrin economy with the euro is a much better option than the adventure of printing our own currency.

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

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

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

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

Fifty years ago wealth was stored and transmitted physically through gold bars, stock certificates, bank notes, and coins.

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.

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

When I work with countries struggling to pay for budgets or finance trade deficits, I reflect on how Americans do not spend a moment considering the unique advantages of being able to issue bonds and print money freely.

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.

Turkey does not have an official exchange rate target.

Paper currency has hitherto been regarded with suspicion, as insecure.

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

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.

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 reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.

I don't have a shred of regret about entering the exchange-rate mechanism.

A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.

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

When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue.

People tend to buy dollars when there is a political disturbance elsewhere in the world.

Hegemony of the dollar.

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.