The withdrawal from a currency or precious metal of its acceptance as a form of money. Gold was demonetized as an international currency in 1971 by the Group of Seven governments.
A notional unit of currency introduced as part of the European Community’s Common Agricultural Policy to stabilize farm product prices amid fluctuating exchange rates.
Money in bank balances or liquid securities which is liable to rapid removal to other countries if the holders suspect that the currency will depreciate.
A system in which a country’s currency has more than one exchange rate depending on various factors such as the holder of the currency or the purpose of use.
A detailed examination of the term 'Rate of Exchange' in economic context, including definitions, historical background, and relevant analytical frameworks.
The real effective exchange rate (REER) is the exchange rate of a country’s currency against a weighted combination of other currencies, adjusted for relative consumer prices, and reflects the overall competitiveness of the country.