floating currency - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “floating currency”

floating currency

noun [C]
 
 
ECONOMICS
a currency whose value is allowed to change in relation to the value of other currencies: In an open economy with a floating currency, companies exposed to international trade often bear the burden of measures to control inflation.
(Definition of floating currency from the Cambridge Business English Dictionary © Cambridge University Press)
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