1. The plunge dented hopes of stabilizing the currency and preparing for convertibility. 2. Analysts said restoring investor sentiment would be key to stabilizing both currencies. 3. Bailout money also goes to stabilize the currency. 4. But it does so rarely, and then only to stabilize the currency on a particularly volatile day, not to rebuild its value. 5. Central banks have limited weapons to stabilize currencies if governments pursue errant policies, he added. 6. Government officials said the sudden huge flows of money into and out of Malaysia were making a mockery of its efforts to stabilize its currency and revive the economy. 7. He has freed markets, stabilized the currency, cut inflation, sold off state-owned companies and trimmed the civil service and the army. 8. He urged a ruble devaluation accompanied by Western aid for Russia to stabilize the currency. 9. Hence the pressure to stabilize currencies is weaker in America than in Europe or Japan because the United States is less dependent on international trade. 10. Mexican finance leaders said they expected the new pact to help stabilize the currency. |