Currency Reform Quotes

The Power the Magistrat [head of government] has to alter the Money in its Denomination or Fineness, takes away the chief Quality for which Silver was made Money

The disorders in the existing currency, and especially the scarcity of small change, a scarcity so peculiarly distressing to the poorer classes, strongly recommend the carrying into immediate effect the resolution already entered into concerning the establishment of a mint.

I don't know anyone else on Wall Street who ever conducted a major currency reform. Or for that matter, who established a government.

Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.

EO 11110 did not order the printing of Silver Certificates. It ordered the amendment of a previous executive order so that the United States Code would authorize or 'empower' the Secretary of the Treasury to issue Silver Certificates if the occasion should arise.

If the Treasury Department should not remove Hamilton from the $10 bill, what should they do? The answer is fairly simple: Replace Andrew Jackson on the $20 bill.

As for when to reform the yuan, there is no timetable yet.

Thus those reformers, who look for a remedy by creating artificial carrying-costs for the money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost in order to retain its quality as money, or in analogous ways, have been on the right track; and the practical value of their proposals deserves consideration.

We will not reform the yuan until the time is right even if there is external pressure.

You could own coins but you couldn't have bars of gold. We were on the gold standard. I think it was Nixon who took us off the gold standard.

Demonetisation is going to result in long-term gains for the country.

Demonetisation was not a decision of UP government. It is the central government's decision.

We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

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

If you look at a copy of EO 11110, you will find that it does not order the issuance of Silver Certificates. It orders an amendment to EO 10289... Those functions did not include the power to issue Silver Certificates.

The biggest single thing China needs to do is build an emergent middle class and domestic consumption, and the best way to do that is through pension and health-care reform, and currency reform to establish purchasing power among its citizens.

The French are overwhelmingly convinced that the euro is a burden. Returning to an adapted national currency will create millions of jobs and give us back our freedom.

Demonetisation was a defining moment in the government's war on corruption and black money.

We will work to modify and remove some European parameters, but regarding the euro, I remain convinced that the single currency is destined to end: not because I want it but because the facts, common sense, and the real economy dictate it.

What we're trying to look for is a process that is not responding to political pressures, but one that is responding to economic reality, because I do believe ... that it's in the best interest of the Chinese people to allow a market-based currency.

Demonetisation was a big flop, and its outcome was negative. The government has done nothing to get back black money.

We must break up the eurozone. We must set those Mediterranean countries free.

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

Uniformity in the currency, weights, and measures of the United States is an object of great importance, and will, I am persuaded, be duly attended to.

First of all we need to move past the euro.