More flexible exchange rate system

More flexible exchange rate system

The International Monetary Fund's name for an exchange rate system in which rates float freely.
References in periodicals archive ?
Egypt devalued the pound by 13% on Monday and said it would move to a more flexible exchange rate system, without giving details.
(AF & PA), Washington DC, USA released a statement made following China's announcement it would adopt a more flexible exchange rate system. "We welcome the Chinese government's decision to allow the yuan to float more freely against international currencies," said AF & PA President and CEO W.
"And it places an undue burden of adjustment on other emerging market economies that maintain more flexible exchange rate systems and that have already seen substantial exchange rate appreciation."