Floating currency
Encyclopedia
The following countries use floating currencies
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Floating exchange rate
A floating exchange rate or fluctuating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency....
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- Source IMF as of April 31, 2008 Economic and Monetary Union of the European UnionEconomic and Monetary Union of the European UnionThe Economic and Monetary Union is an umbrella term for the group of policies aimed at converging the economies of members of the European Union in three stages so as to allow them to adopt a single currency, the euro. As such, it is largely synonymous with the eurozone.All member states of the...
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}
}
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} (as of December 1989)