fixed rate of exchange

Such a board would set a fixed rate of exchange for the currency and prevent the Government from printing money.

Two weeks ago, the Government set a fixed rate of exchange of 175 australes to the dollar.

Since November 2011, Bolivia officially has a fixed rate of exchange and the government does not engage in currency manipulation.

It is the nearly fixed rate of exchange between China’s currency, the renminbi, and the United States dollar.

In exchange for supplies, protection, and direction, they would agree to teach their knowledge at a fixed rate of exchange until either side terminated the agreement.

Under such an arrangement, the supply of rubles in circulation would have to be fully backed by dollars and convertible, on demand, at a fixed rate of exchange.

As a result, the dinar, which has a fixed rate of exchange equivalent to three United States dollars, has a real value of about 2 percent of that.

No parallel conversion market exists because the FCFA is a fully convertible currency supported by the French treasury, which ensures a fixed rate of exchange.

The demand curve for sterling will shift to the left and the supply curve will shift to the right until they intersect at the fixed rate of exchange.

At that time, it was concluded that a new paradigm was needed to allow a free exchange of currencies at a fixed rate of exchange among the nations.

Or it can follow the more radical example of its neighbor Argentina, and set up a currency board, which would peg the real to the dollar at a fixed rate of exchange.

The system, which some economists say is inappropriate for Indonesia, would peg the rupiah at a fixed rate of exchange, which it would support with the country's foreign exchange reserves.

U.S. President Richard Nixon is credited with ending the Bretton Woods Accord and fixed rates of exchange, eventually bringing about a free-floating currency system.

U.S. coinage was admitted as legal tender up to $10, as were English sovereigns, French Napoleons and Spanish and Mexican doubloons at a fixed rate of exchange.

Multi Currency trading Multi-currency features mean you can invoice in euros, triangulate, store variable exchange rates and fixed rates of exchange against participating member states of the EMU.

Shopping and dining in Jamaica are less expensive for Americans as a result of a decision by the Jamaican Government last fall to abolish the fixed rate of exchange for the Jamaican dollar.

So when speculators forced Thailand to quit defending an artificially high fixed rate of exchange for its currency, banks and other borrowers were stuck with huge debts in dollars and the region was swept into financial crisis.

The six founding Member States of the Community were participants in the Bretton Woods international monetary system, which was characterised by fixed rates of exchange between the currencies and the possibility of adjustment.

A currency board maintains absolute, unlimited convertibility between its notes and coins and the currency against which they are pegged, at a fixed rate of exchange, with no restrictions on current-account or capital-account transactions.

The credit is expected to help Manila defend the peso and build up its reserves, after its central bank had spent about $1 billion trying - and failing - to support the currency's earlier fixed rate of exchange against the dollar, fund officials said.

Because if these countries have a virtually fixed rate of exchange with the euro zone, this means that the policies pursued by the euro zone, as well as the policies pursued by these countries will have very strong mutual influences.

Under the plan, Mrs. Chamorro would sell off state enterprises, eliminate Government subsidies for many industries, slash Government regulation of the economy and introduce a new currency with a fixed rate of exchange tied to the United States dollar.

By establishing a fixed rate of exchange between currencies--or even adopting a common currency--nations can eliminate the uncertainties of fluctuating exchange rates; and a country with a history of irresponsible policies may be able to gain credibility by association.

In economics, bimetallism is a monetary standard in which the value of the monetary unit is defined as equivalent both to a certain quantity of gold and to a certain quantity of silver; such a system establishes a fixed rate of exchange between the two metals.