MANAGED CURRENCY
\mˈanɪd͡ʒd kˈʌɹənsi], \mˈanɪdʒd kˈʌɹənsi], \m_ˈa_n_ɪ_dʒ_d k_ˈʌ_ɹ_ə_n_s_i]\
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exchange rate maintained at a certain level by the government's intervention through the country's central bank and not determined by the freemarket forces of demand and supply is indicative of this type of currency. but instead is . To some extent almost all currencies are managed . Also refer to floating exchange rate.
By Henry Campbell Black
Word of the day
Mustagh Range
- a mountain range in northern Kashmir; an extension of the Hindu Kush; contains 2nd highest peak