• Profile picture of Brandon Jackson

    Brandon Jackson posted in the group Iraq dinar Vietnamese Dong and more

    3 years, 7 months ago
    1 Comment
    • Floating currency is completely liberalizing the exchange rate, so the government or the central bank does not interfere in determining it directly, but rather it is secreted automatically in the currency market through the supply and demand mechanism that allows setting the national currency exchange rate against foreign currencies.

      It is noteworthy that some officials talk from time to time on the need to float and liberalize the currency to preserve the hard currency reserves at the Central Bank.

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