Translation of "hard currency policy " (English → French) :

26. Underlines that, for candidate countries, some forms of "hard peg" to the euro, such as currency board arrangements, absolutely presuppose a domestic political consensus on this type of measure and a very strong and lasting discipline in every other respect of economic policy including fiscal policy, as well as a total commitment to take the necessary structural measures to bring the country up to euro area standards; cites Argentina as an example ...[+++] of a currency board, apparently working well, leading to a relaxation of economic policies and leading in turn to an economic and social disaster;

26. Underlines that some forms of "hard peg" to the Euro for applicant countries, like currency board arrangements, absolutely presuppose a domestic political consensus on this type of measure and a very strong and lasting discipline in every other aspect of economic policy including fiscal policy, as well as a total commitment to take the necessary structural measures to bring the country up to Euro area standards, quotes Argentin ...[+++]a as an example of a currency board apparently working well leading to a relaxation of economic policies leading in turn to an economic and social disaster;

These agreements have repercussions for development policy - transfer of hard currency, supplies of protein to the local population, employment, development of a local processing industry, etc - which point to the need to coordinate the Community"s fisheries and development policies.

The meeting was attended by representatives of the IMF, the World Bank, the EIB, the EBRD, the Paris Club, the OECD and the IEA. 2. Since their last meeting at Ministerial level on July 4, the international economic environment within which the countries of central and eastern Europe are pursuing their policies of economic stabilisation, structural adjustment and the transition to market economies has changed in the following respects: - a deterioration in the terms of trade of the central and eastern European countries resulting from the ongoing necessary shift to hard ...[+++]ass=yellow2> currency accounting and payments in intra-Comecon trade; - uncertainty concerning the supply of oil and gas from the Soviet Union, both with respect to deliveries and price; - the impact of the crisis in the Gulf, notably the increase of oil prices, the interruption of supplies and the loss of income from trade, service contracts and workers' remittances.

Well, over the long haul, through keeping our inflation low, sticking to our inflation targets, running sensible fiscal policies, and through the dint and energy of Canadians investing and working hard in Canadian businesses, we would expect to see an appreciation of the Canadian currency relative to the American currency.