Examples of Currency Agreement in a sentence
Under the Currency Agreement with Switzerland, the legal tender in Liechtenstein is the Swiss franc.
Loan (Foreign Currency) Agreement speaks for overall limit of the loan amount, name of foreign currency and projects for which lender (WB, ADB etc.) has agreed to fund.
Optimum Currency Agreement (OCA): This theory is important because in our life today, a country is depending on each other.
Therefore, Qatar and Dubai signed an agreement on 9 May 1973 ending the Qatar-Dubai Currency Agreement of 1966.The new U.A.E. monetary authority, called the United Arab Emirates Currency Board, was established on 19 May 1973.Despite its name, it was actually a central bank: its minimum foreign reserve ratio was 70 percent of the monetary base, not 100 percent, and it lent to banks(United Arab Emirates Currency Board annual report 1977: 15-16, 24, 27).
Prior to the establishment of the currency board, the Arabian Gulf Currency Agreement had been signed on July 1965 by therulers of Abu Dhabi, Dubai, Bahrain, and Qatar to provide a joint currency across all four jurisdictions.