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اقتصاد::
نرخ ارز اسمی
of 2000.The large deficit reflected inconsistency between the path set for the nominal exchange rate and the path of domestic prices, which include many relatively
defend the fixed nominal exchange rate.
One, essentially the IMF's, argued for a completely clean float, with interventions by the Central Bank strictly limited to preventing excessive daily movements in the nominal exchange rate (with "excessive"
Nominal exchange rate
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