dirty float Meaning in the Cambridge English Dictionary
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Meaning of “dirty float” in the English Dictionary

"dirty float" in Business English

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dirty floatnoun [C]

uk   us   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 ​centralbank to ​keep it within a particular ​range: In our ​currentinternationalfinancialarrangement, called a ​dirtyfloat, ​exchangeratesfluctuate from day to day, but ​centralbanks attempt to ​influence their countries' ​exchangerates by ​buying and ​sellingcurrencies.
(Definition of dirty float from the Cambridge Business English Dictionary © Cambridge University Press)
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