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Managed Currency
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| - | A currency is described as managed if the government exerts some influence over the [[Exchange|exchange]] rate, rather than allowing the rate to be determined purely by free market forces. | + | A currency whose exchange rate is not determined by supply and demand but is maintained at a certain level by government [[intervention]], normally through the country's central bank. |
Revision as of 14:35, 15 November 2008
A currency whose exchange rate is not determined by supply and demand but is maintained at a certain level by government intervention, normally through the country's central bank.