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Official Rate

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Official Rate
1. In foreign exchange, the exchange rate set by the local government. This especially applies to pegged currencies, but countries with floating currencies may also set an official exchange rate for a given day.

2. The rate of inflation as set by the local government. Official rates of inflation may be accurate or not, depending on how they are calculated and whether political consideration influences the calculations.
official rate
In foreign exchange trading, the lawful rate at which an exchange rate is set.
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CHAKWAL, November 02, 2009 (Frontier Star): Ten sale points have been set up at all four Tehsils of district Chakwal for easy availability of sugar at official rates Rs 40 per kilogram.
10 sale points set up for availability of sugar at official rates by The Frontier Star (Northwest Frontier Province, Pakistan)
Venezuela has since 2003 had strict exchange controls and Chavez acknowledged that the government body that deals with the administration of foreign currency has slowed delivery of dollars at the official rate "a little bit, because of the global crisis.
Chavez announces 4.6 bln dollar liquidity injection by AFP / AFP Global Edition
The average council tax in England will go up by 3 per cent from April - the lowest rise in years but still higher than the official rate of inflation.
Council tax up again by Independent Television News Limited (ITN)
 
 
 
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