floating exchange rate
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As it turned out, the end of Bretton Woods resolved the balance-of-payments problem since under a floating exchange rate system the balance always nets to zero.
From The Wall Street Journal ● May 8, 2026
By mid-session, it was trading at 1,485 to the dollar -- just three cents shy of the outer limit of the floating exchange rate band announced by the government.
From Barron's ● Oct. 17, 2025
Last December, the government secured a second IMF deal on the promise of implementing economic reforms, including a floating exchange rate.
From Washington Times ● Dec. 18, 2023
At a press conference Friday, central bank deputy director Alexei Zabotkin said the bank is adhering to a floating exchange rate because “it allows the economy to effectively adapt to changing external conditions.”
From Seattle Times ● Aug. 14, 2023
A floating exchange rate, an inflation-targeting regime, and a tight fiscal policy are the three pillars of the economic program.
From The 2008 CIA World Factbook by United States. Central Intelligence Agency
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