41.   Taiwan is sitting on large foreign currency reserves it has used to protect its currency from speculators.

42.   The EC launches the European Monetary System to protect currencies against wild fluctuations.

43.   The currency-to-currency scheme is being used by some countries in southeast Asia to reduce their dependence on the dollar and protect their currencies from speculators.

44.   The Hong Kong dollar came under speculative attack in October, and interest rates are still high to protect the currency.

45.   With capital flows controlled and the exchange rate pegged, there will no longer be a need for high rates of interest to protect the currency.

46.   Under the ERM mark II, the new European Central Bank will help to protect currencies against speculative attacks.

47.   It has constantly demanded the right to supervise branches of its banks in the territories to protect its currency.