These systems characterized by its flexibility and usability of the amendment on the basis of certain criteria including, economic indicators such as the country's real effective exchange rate, and the light of the monetary authorities to amend the exchange rates.
Flotation orbit: within this evolving system by the authorities to modify the frequency of exchange rates based on the level of its reserves of foreign currencies and gold, and on the basis of the status of the balance of payments.
Free-floating: It is a position in which the value of the currency to change up and down according to the market and allow the flotation of the economic policies of other liberation from the constraints of the exchange rate, so the float currency allows the authorities to prepare appropriate policy and such a situation pay at the exchange rate itself to adapt to the prevailing conditions because a constraint.
التسميات
Financial concepts