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Generation Euro Students Award 2023 QA ②

2023年5月31日にECB主催で開催された Generation Euro Students Award での、スロバキアチームからラガルド総裁への質問。
他チームからの質問は下記記事のいちばん下のリンクから辿れます。


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スロバキアチームの質疑応答は、14:30 ~ 17:15


Question

In your speech you have mentioned the great uniting power of EURO, and our question is how do you perceive the fact that the country currencies such as CHECKGROUND, COLITIZOGY, VOTALIANRERO, even dollar have the strongest exchange rate ever, so does it mean EURO is losing its international trust?


大文字で書いた「CHECKGROUND, COLITIZOGY, VOTALIANRERO」の部分は、聞こえたままを書いてみたものの何が正解がまったくわからないです。「国の名前+その国の通貨名」または「通貨名」を3つ列挙しているのは文脈から明らかなんですが、こういう名前の通貨は思い当たるものがありません(しかも交換比率が高いって言っているから、それなりに経済規模の大きい国だと思うが、まったくと言っていいほど該当するものがわからない)。Dollar、Euro、Yen、Stering Pound(英国)、Renminbi(中国)、ルーブル(ロシア)、ルピー(インド)、レアル(ブラジル)、スイスフラン、スウェーデンクローナ、ノルウェークローネ、デンマーククローネ、トルコリラ・・・どれも聞こえた音の感じに合わない。

スロバキアチーム、タチアナ嬢からラガルド総裁への質問


Answer

Thank you so much.
But I would take quite to the contrary.
Because when I look, we just published actually the role of EURO as an international currency.
And we are making slight progress.
The EURO has around 19% of Central Bank’s Reserves around the world.
The DOLLAR is the overall big international currency of reference.
It’s been like that you know ever since the 2nd world war and it managed to move away the Sterling Pounds.

But from this very stable 19% of reserves, we’ve now hedged up a little bit. Not by long shot, but it’s directionally up.
So I wouldn’t say that it is declining or that it is losing trust.
I think that to the contrary it is stabilizing and hopefully continuing to increase its position as an international currency.

You know, we do not target an exchange rate relative to other currencies. Neither to the dollar nor to the basket of currencies that includes 5 key currencies in the world.
But we are very attentive, because it matters for inflation.
And we have over the course of the last 3 years.
First of all depreciated relative to the dollar then the dollar depreciated in tern, it is evident flows to that which generally reflects either to the state of economy, the geo-political circumstances, which have an impact because the sort of safe heaven status that the dollar enjoys entails currency appreciation in general.

But I am confident that we are and we have to continue being on the right track.
There are other currencies that are moving as well.
None of those that you have mentioned.
But I would say that the YEN is always the third but way behind us, the RENMINBI is something to watch because China is trying to push its currency as an international one since it has been included in the basket of Special Drawing Rights from the International Monetary Fund respective.


Notes

英語としてどうこうというより、世界の政治経済の仕組みとして知っておきたいことが盛りだくさんの回答でした。

  • IMF(国際通貨基金)のSDR(特別引き出し権)はドル、ユーロ、円、ポンド、人民元の5つの通貨で構成されている。この5つの通貨が世界の「5 key currencies」。

  • ユーロは世界の中央銀行の外貨準備の19%を占めている。

  • ドルは第2次世界大戦後にポンドを押しのけて世界最大の国際通貨となった(基軸通貨 … base currency … の座を奪った)。


Words

evidence/statements etc to the contrary
    something showing or saying the opposite
    example 1.
      Unless there is evidence to the contrary, we ought to believe them.
    example 2.
      He continued to drink despite advice to the contrary.


depriciate
    [intransitive]
     to decrease in value or price
    [transitive]
    to reduce the value of something over time, especially for tax purposes

ここでは自動詞として使われている。ユーロの価値が下がったり、次はドルの価値が下がったり。
他動詞として使う場合の日本語訳は「減価償却する」。


entail
    [transitive]
     to involve something as a necessary part or result


currency appriciation
    通貨高圧力


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