Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “dirty float”

dirty float

noun [C]
 
 
ECONOMICS, FINANCE
a situation in which the value of a country's currency is allowed to change in relation to others, but is controlled by the government's central bank to keep it within a particular range: In our current international financial arrangement, called a dirty float, exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies.
(Definition of dirty float from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of dirty float?
Add Cambridge dictionaries to your browser to your website

Word of the Day

justice

fairness in the way people are dealt with

Word of the Day

A certain je ne sais quoi: French words and phrases used in English

by Liz Walter,
January 21, 2015
It is an odd irony that the more sophisticated your use of English is, the more likely you are to use French words and phrases. Or, to be more accurate, ones you know to be French – words such as ballet, au pair, abattoir, fiancé, café, and restaurant are so entrenched in

Read More 

flower beard noun

January 19, 2015
a beard adorned with flowers And some of said beard-rockers are even turning it up a notch, painting trend on top of trend with what’s come to be known as ‘the flower beard.’

Read More