fixed exchange rate
CulturalExample Sentences
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Maduro has insisted on a fixed exchange rate to anchor his economic strategy, instead of allowing the rate to float freely.
From Reuters ● Aug. 3, 2023
But that fixed exchange rate system was abandoned after the financial crisis that engulfed the country in 2001 and 2002.
From BBC ● Feb. 2, 2023
After years of budget surpluses, the country is running deficits, and concern is rising that the fixed exchange rate and big-state bureaucracy are stifling any real chance of transitioning to a modern, export-oriented economy.
From Washington Post ● Oct. 8, 2019
Switzerland isn't the only country to move away from a fixed exchange rate recently.
From The Wall Street Journal ● Jan. 5, 2016
Growth in 2000 was a negative 0.8%, as both domestic and foreign investors remained skeptical of the government's ability to pay debts and maintain the peso's fixed exchange rate with the US dollar.
From The 2006 CIA World Factbook by United States. Central Intelligence Agency
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