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.
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Secretary Health further said that Central Rate Contract Policy would be adopted from next fiscal year for the procurement of medicines for all districts.
45280 to 1 (coinciding with the level of the current central rate of the litas in the exchange rate mechanism ERM II).
While this is all well and good, speculative inflows would be further dampened if the central rate, say, [yen] 6.
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.
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.
By the time of the Louvre meeting, the dollar had fallen and the participants now discussed "target zones" or "reference ranges" around a central rate.
corresponds to the current central rate of the kroon in the EU's exchange rate
Latvia's currency is pegged to the euro, as part of its accession path to the euro zone, with a 1 percent fluctuation band around a central rate.
But following the Fed's decision to peg its central rate at two per cent, the Dow Jones fell 106 points to 10,811.
In particular, a country may not devalue its currency's central rate against the euro on its own initiative.
There are no specific entry pre-conditions to ERM II, but a common accord on the central rate and the fluctuation band needs to be reached.

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