have been hoarding
Present perfect progressive conjugation of hoard. There are other translations for this conjugation.
The third effect of budgetary expansion is the dispersal of cash people have been hoarding, prior to the introduction of euro notes and coins on 1 January next year. No one ever mentions this, but it is nevertheless happening.
Enfin, troisième effet de relance, dont personne ne parle mais qui est bien réel : la déthésaurisation des particuliers en prévision de l'échange des pièces et des billets au 1er janvier prochain.
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