Traduction de «Monnaie alignée sur l'or » (Français → Anglais) :

The definition of electronic money should cover electronic money whether it is held on a payment device in the electronic money holder’s possession or stored remotely at a server and managed by the electronic money holder through a specific account for electronic money.

4. Where an electronic money institution carries out any of the activities referred to in Article 6(1)(a) that are not linked to the issuance of electronic money or any of the activities referred to in Article 6(1)(b) to (e) and the amount of outstanding electronic money is unknown in advance, the competent authorities shall allow that electronic money institution to calculate its own funds requirements on the basis of a representative portion assumed to be used for the issuance of electronic money, provided such a representative portion can be reasonably estimated on the basis of historical data and to the satisfaction of the competent ...[+++]authorities.

2. The value of the thresholds set pursuant to paragraph 1 in the national currencies of Member States which do not participate in the euro shall be aligned to the values of the thresholds laid down in Directive 2004/17/EC referred to in paragraph 1, calculated in accordance with the second subparagraph of Article 69(2) of Directive 2004/17/EC.

8. The net position in each currency, other than the settlement currency of the master netting agreement, shall be calculated by subtracting from the total value of securities denominated in that currency lent, sold or provided under the master netting agreement added to the amount of cash in that currency lent or transferred under the agreement, the total value of securities denominated in that currency borrowed, purchased or received under the agreement added to the amount of cash in that currency borrowed or received under the agreement.

Our objective for monetary policy is to maintain low inflation and we are convinced that a currency with low inflation is, in the long term, a stable currency, a popular currency, a currency that will provide refuge and is a currency that will have an important role to play in the economic world.

This is another blow to a currency already struggling, a currency that hits a new low on the international market virtually every week, a currency with the bank president continuously under fire for his ill-judged comments to the press, a currency where, on the only occasion when the people of Europe were asked to cast their vote on whether to join or not, they voted "no" in the recent Danish referendum.