Vladimir Putin Quotes

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

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

Our dollar is now altogether too greatly influenced by the accidents of international trade, by the internal policies of other nations and by political disturbance in other continents. Therefore the United States must take firmly in its own hands the control of the gold value of our dollar. This is necessary in order to prevent dollar disturbances from swinging us away from our ultimate goal.

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.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.

If raising or allaying [revaluing or devaluing] the Money could add to its Value, or have any good Effect on Home or Foreign Trade; Then no Nation would want Money [from that nation.]

It will be found, that as some particular Men in a Town grow richer, and thrive better than others; so also do Nations, who by Trade serving the occasions of their Neighbors, supply themselves with what they have occasion for from abroad; which done, the rest is laid up, and is Silver, Gold, etc. for as I said, these being commutable for everything, and of small bulk, are still preferr'd to be laid up, till occasion shall call them out to supply other Necessaries wanted.

Whoever gambles with the dollar, loses

The gold dollar shall be the standard unit of value. For all forms of money issued or coined in the United States, it shall be maintained at a parity with this standard.

… international confidence is the foundation stone of international credit, and international credit is essential to international trade.

Originally, Congress provided in 1793 that all foreign coins circulating in the United States be legal tender. Indeed, foreign coins have been estimated to form 80 percent of American domestic specie circulation in 1800.

There's no point in treating a currency like a commodity, devaluing it artificially and causing a lot of poverty among poor countries.

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

It is important to realize that gold and silver are international commodities and that, therefore, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.

The Jacksonians were not monetary nationalists; specie was specie, and they saw no reason that foreign gold or silver coins should not circulate with the same full privileges as American-minted coins.

The IMF and other multilateral institutions do not appear to have prevented nations from manipulating the value of their own currencies.

It is not good to cut exports or imports.

China became the second biggest economy in the world by pegging their currency to the dollar at an artificially cheap rate.

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

Governments have a tendency to screw up currencies.

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

The focus around Circle China is really cross-border payments. If I'm a parent in China and my son is studying at London Business School, I might want to send 500 RMB. I should be able to do that and have my child instantly receive it as pounds sterling, in the same way people do that with instant messages today.