Exchange Currency

duel exchange rate

Economic system which implements the use of two separate exchange rates within one country. When a country employs duel exchange rates, a fixed rate is generally applied to essential sectors while those considered non-essential are given a floating rate.

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  5. Exchange Rate Definition | Investopedia
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  6. Indirect Quote Definition | Investopedia
    A foreign exchange rate quoted as the foreign currency per unit of the domestic currency. In an indirect quote, the foreign currency is a variable amount and the ...
     
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  8. Scottish Economic Report
    Mar 31, 2006 ... After a decade in which the peso was fixed at par with the US dollar, the Government introduced a duel exchange rate. Here some exports ...