Currency Intervention Quotes

Governments have a tendency to screw up currencies.

Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.

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

The global 'currency wars' are likely here to stay due to the fine line between legitimate monetary balancing and sometimes self-serving trade manipulation. But these artificial mechanisms lack tangible or lasting value.

What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.

The Central Bank is constantly purchasing, purchasing and selling and vice versa - this is their job.

We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.

As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.

[N]o real leader can aspire to champion both the logic and the morality of free trade without confronting the practice that undermines both: currency manipulation.