multiple rate - a rate that varies according to the purpose to which the foreign currency is put, such as specially favourable rates to importers of certain kinds of goods, or to tourists to encourage tourism
Where exceptional monetary practices concerning a national currency are liable to jeopardise the application of the legal instruments relating to the common agricultural policy, the Commission may, by virtue of the powers conferred on it by these instruments in each individual case derogate from this Regulation, in particular in the following cases: - where a country uses abnormal exchange techniques such as multiple exchange rates or operates barter agreements, - where countries have currencies which are not quoted on official foreign exchange markets or where the trend in such currencies is likely to create distortion in trade.
