en

dual exchange market system

1

Terminological databases

EKI terminibaas Esterm

ID 720870 Last modified 30.12.2004
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Domain money & currency
dual exchange market system preferred
two-tier foreign exchange market
  • dual exchange rate mechanism - the coexistence of a floating 'financial' exchange rate and an 'official' exchange rate which is normally considered to be fixed
  • two-tier system - a service or cost that has differential pricing systems, e.g. where a country has dual exchange rates, one for commercial transactions and the second for foreign visitors. Another two-tier system is that of postal rates. Interest rates may also differ for differing purposes.
dual exchange market system preferred
Usage examples
  • Since the dual exchange market system, as operated by the Kingdom of Belgium and the Grand Duchy of Luxembourg, has not had the effect of restricting capital movements but nevertheless constitutes an anomaly in the EMS and should therefore be brought to an end in the interests of effective implementation of the Directive and with a view to strengthening the European Monetary System, these two Member States undertake to abolish it by 31 December 1992.
two-tier foreign exchange market
dual exchange system abbreviation

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