The new notes are in effect the country's third currency in the past three years.

新发行的纸币其实是该国过去三年来的第三种货币。

It was both the currency effect and it was the effect of the dollar denominated debt.

这既是货币效应， 也是美元计价债务的效应。

Hmm, and of course, for UK investors, we have been more insulated because of the currency effects.

嗯，当然，对于英国投资者来说， 由于货币影响， 我们更加绝缘。