managed currency

American  

noun

1. a currency whose value is established and maintained by deliberate governmental action working through national and international financial institutions, in contrast to the quasi-automatic gold standard.

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managed currency British  

noun

1. a currency that is subject to governmental control with respect to the amount in circulation and the rate of exchange with other currencies

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Etymology

Origin of managed currency

First recorded in 1920–25

Example Sentences

See Examples For:

managed currency

He said his aim is economic stability and a properly managed currency, along with transparency and opportunities for foreign investors.

From Washington Times ● Aug. 26, 2019

The yuan has risen 7 percent against the dollar since June 2010, when Beijing loosened its grip on the tightly managed currency.

From Reuters ● Nov. 14, 2011

Observers suggest that labouring under a strict sanctions regime, and still suffering the effects of last year's badly managed currency reform, the North is becoming increasingly desperate for sources of foreign cash.

From BBC ● Mar. 25, 2010

Though the lira is a managed currency, II Duce has kept it on his technical gold standard through eight long years of rumors that he was bluffing and might be expected to devalue any day.

From Time Magazine Archive

We are thus continuing to move towards a managed currency.

From The Fireside Chats of Franklin Delano Roosevelt by Roosevelt, Franklin Delano