TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TWO-TIER EXCHANGE MARKET [1 record]

Record 1 2017-09-01

English

Subject field(s)
  • Currency and Foreign Exchange
DEF

An exchange rate regime which normally insulates a country from the balance of payments effects of capital flows while it maintains a stable exchange rate for current account transactions. Capital transactions are normally required to pass through a "financial" market while current transactions go through an "official" market, though other arrangements are possible. Examples are found in Belgium and the United Kingdom, though France and Italy have experimented with such systems.

Key term(s)
  • two-tier exchange system
  • two-tier foreign exchange market

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
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