Pakistani rupee is expected to depreciate by another 20 per cent of its value in next three years under a free-float exchange rate mechanism
agreed with the International Monetary Fund (IMF) for $6 billion financial package last week, experts say.
When asked about the IMF's demand regarding the implementation of a free float exchange rate mechanism
, Innes said he was a firm proponent of it.
Kyiv: The NBU is to amend the approach to prioritizing FX interventions to improve competitiveness and transparency of hryvnia exchange rate mechanism
Usman said they also needed to introduce modern trade facilitation measures and a flexible exchange rate mechanism
in the country besides reducing the cost of doing business and ensuring supportive tax base.
1992 - The pound is forced out of the European Exchange Rate Mechanism
in what is called Black Wednesday.
Surely that was what we did when he took us into the exchange rate mechanism
at such a terrible price in lost jobs and broken hopes" Former work and pensions secretary Iain Duncan Smith "I am afraid the Prime Minister currently cannot see a pudding without over-egging it" Tory MP Jacob Rees-Mogg attacks David Cameron's warning that Brexit could lead to war in Europe
Wang said that Lew had told him China should speed up the reform of its exchange rate mechanism
Oh by the way it was called Black Wednesday and it caused Britain to withdraw from the European Exchange Rate Mechanism
at a cost of PS3.5bn.
The krone is pegged to the euro through an agreement known as the European Exchange Rate Mechanism
(ERM II), under which the Danish currency can only move 2.25 percent up or down from a fixed rate of 7.46 krone per euro.
The Latvian lats (LVL) joined the Exchange Rate Mechanism
(ERM II) on 2 May 2005, and Latvia unilaterally maintains a 1% fluctuation band around the central rate - which is 0.702804 to the euro.
It was these financial hatchet men who in 1992 broke our currency and forced Britain out of the European Exchange Rate Mechanism
, causing the financial meltdown in 2008.