The strong dollar policy is the United States economic policy based on the assumption that a strong exchange rate of the United States dollar is in the interests of the United States and the whole world. It is said to be also driven by a desire to encourage foreign bondholders to buy more Treasury securities. The United States Secretary of the Treasury occasionally states that the US supports a strong dollar. Since the implementation of this policy, the dollar has declined substantially. Despite this, the policy keeps inflation low, encourages foreign investment, and maintains the currency's role in the global financial system.
Famous quotes containing the words strong, dollar and/or policy:
“We then lived roses; I had fooled despair
And boxed him up and flogged his retinue,
Made strong by cheeks and lips! I sucked in dew,
And dragged the world, a weakling, by the hair.”
—Allen Tate (1899–1979)
“You like money. You got a great big dollar sign there where most women have a heart.”
—Stanley Kubrick (b. 1928)
“Men must learn now with pity to dispense,
For policy sits above conscience.”
—William Shakespeare (1564–1616)