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Managed Currency
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| - | A currency whose [[Exchange Rate|exchange]] rate is not determined by supply and demand but is maintained at a certain level by government intervention, normally by the country's [[Central Bank|central bank]]. | + | A currency whose [[Exchange Rate|exchange]] rate is not determined by supply and demand but is maintained at a certain level by the authorities' intervention, normally by the country's [[Central Bank|central bank]]. |
Current revision
A currency whose exchange rate is not determined by supply and demand but is maintained at a certain level by the authorities' intervention, normally by the country's central bank.