Examples of Italian Lira in a sentence
These construction contracts are denominated in Italian Lira and have been fixed into U.S. dollars through the utilization of forward foreign currency contracts.
HEDGING CONTRACTS In order to reduce exposure to foreign currency exchange rate fluctuations in connection with inventory purchase commitments, the Company enters into foreign currency forward exchange contracts for Italian Lira.
The margin ratio is set at +/- 2.25% (or 6% option can be used, for weaker currency, such as Italian Lira).
The key change was brought about by the success of the Italian Lira application to join the new Euro currency (1997-98)1.
Underwriting revenue rose from a combined US $230.3 million a year from bonds in the Deutschemark, French Franc and Italian Lira legacy currencies to US $364 million a year for Euro issues.
For 1997 and 1998, we do have spreads on Italian Lira bonds, which increased in frequency in these years, and also on bonds denominated in British pounds.
The Euro was included in the USDX® in 1999 and replaced the following currencies that were originally included in the USDX®: Belgian Franc, Dutch Guilder, German Xxxx, French Franc and Italian Lira.
These currencies are: the Australian Dollar, Belgian Franc, German Mark, Spanish Peseta, Italian Lira, French Franc, British Pound and the U.
A portion of the facility not to exceed $258.8 million is available for borrowings in optional currencies, including German Deutsche Marks, British Pounds Sterling, French Francs, Belgian Francs, Italian Lira and other specified currencies, provided that the outstanding revolving loans in optional currencies other than British Pounds Sterling does not exceed $138 million.
For this purpose the exchange rate between the Italian Lira and the US Dollar proved to be more effective than the ECU-US Dollar exchange rate.