Central Rate

Central Rate

In the European Monetary System, an exchange rate for a currency relative to the European currency unit. Each currency is permitted to move within a narrow range of the central rate, making each currency in the European Monetary System a semi-pegged currency.
References in periodicals archive ?
Shahbaz said that cardiac devices and stents recommended by technical and procurement committee of the Health department were procured for all the provincial hospitals at equal price and quality through central rate contract.
Hisham Ezz Al-Arab, head of the Egyptian Banks Union and head of the Commercial International Bank (CIB), said in his remarks that the banks' response to the central rate decision depends on the accounts of each bank.
However, measures have been undertaken to improve the availability of medicines at all echelons including ECHS Polyclinics, which, inter-alia, include enhanced coverage of Central Rate Contracts and Price Agreements of medicines at Senior Executive Medical Officer (SEMO) / Formation / Station level, augmentation of manpower for effective supply chain and inventory management of medicines, correct projection and analysis of Monthly Maintenance Figures (MMF) by ECHS Polyclinics and boost in the supply of Essential Drug List (EDL) for ECHS and Common Drug List (CDL) medicines by the AFMSDs.
The government has cut interest rates five times since November and in a single week lowered the Chinese currency's central rate against the US dollar by nearly five percent in part of efforts to shore up growth.
Secretary Health further said that Central Rate Contract Policy would be adopted from next fiscal year for the procurement of medicines for all districts.
While this is all well and good, speculative inflows would be further dampened if the central rate, say, [yen] 6.
From mid-1996, the SBV decided to depreciate the VND by broadening its band within an official central rate.
In a cautious move, the CBR decided today to leave key policy rates unchanged, holding the central rate Co the auction-based overnight repo Co steady at 5.
For the latter, the Commission notes that during the two years preceding its assessment, the Latvian lats (the country's currency) exchange rate did not deviate from its central rate by more than [+ or -]1%.
The central rate increased its rate by 25 basis points, its 12th rate increase in 18 months.
The standard central rate of 12 percent, as proposed by the Task Force, is lower than the current CENVAT rate of 16 percent.
corresponds to the current central rate of the kroon in the EU's exchange rate

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