Parity Grid

Parity Grid

In the European Monetary System, the highest, lowest, and middle exchange rates for national currencies relative to the European currency unit. The parity grid determines the exchange rates at which naked interventions are necessary to maintain the peg to the European currency unit.
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Its purpose was to lend financial assistance to nations that found it difficult to maintain their currency's exchange rate within the Bretton Woods parity grid of fixed exchange rates.
Is Mr Yen the right man for the IMF?

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