Dual Exchange Rate

A situation in which a currency has two official exchange rates, one pegged to another currency and the other floating. Each is used for different things. The exchange rate for money used for sectors seen as essential, such as food, is fixed, while "non-essential" sectors are allowed to float. A dual exchange rate allows a country to devalue its currency to reflect market realities without the pain of high inflation that usually accompanies severe devaluation. Critics allege that a dual exchange rate is less efficient than a straightforward devaluation and acts as a tariff on industries the government sees as luxuries.

单词	dual exchange rate
释义	Dual Exchange Rate Dual Exchange Rate A situation in which a currency has two official exchange rates, one pegged to another currency and the other floating. Each is used for different things. The exchange rate for money used for sectors seen as essential, such as food, is fixed, while "non-essential" sectors are allowed to float. A dual exchange rate allows a country to devalue its currency to reflect market realities without the pain of high inflation that usually accompanies severe devaluation. Critics allege that a dual exchange rate is less efficient than a straightforward devaluation and acts as a tariff on industries the government sees as luxuries.
随便看	hueneme high school huens huer huerfano county huerfano county, co huerfano county, colorado huerfano county correctional facility huerfano county youth services hueristic huerta, adolfo de la huerta victoriano huerta, victoriano hues hue, saturation, and luminescence hue saturation brightness hue, saturation, brightness hue, saturation, brightness, alpha hue saturation intensity hue saturation lightness hue, saturation, lightness hue, saturation, lightness, alpha hue saturation value hue, saturation, value huesca huesca, huesca