Meaning of “Exchange Equalization Account” in the English Dictionary

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"Exchange Equalization Account" in Business English

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Exchange Equalization Accountnoun [ S ]

uk us abbreviation EEA

ECONOMICS, FINANCE, GOVERNMENT the government account that holds the UK's reserves of gold and foreign currencies, and can be used to help control the level of sterling

(Definition of “Exchange Equalization Account” from the Cambridge Business English Dictionary © Cambridge University Press)