Rodrigo Rato Quotes

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

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

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.

A flexible exchange rate is important, and it shouldn't be artificially restrained because of the needs of the economy.

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

The euro is a hybrid of a fixed exchange-rate regime, like the 1980s ERM or the 1930s gold standard, and a state currency.

Turkey does not have an official exchange rate target.

I don't have a shred of regret about entering the exchange-rate mechanism.

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

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.

The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.

Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.

Currency pegs force a common policy on countries…

The IMF and other multilateral institutions do not appear to have prevented nations from manipulating the value of their own currencies.

I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term.

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

Since we don't use any type of currency manipulation schemes - we have a floating exchange market - we are very glad to consider any type of process that would stabilize the Mexican peso.

China understands economics more than most countries and is usually moved to increase freedoms when the yuan is directly involved.

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

China needs a currency that reflects underlying economic fundamentals.

The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China.

In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary gains of competitiveness.

What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.

A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.