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This emphasized the fact that currency boards are not irrevocable, and hence may be abandoned in the face of speculation by foreign exchange traders.
This example is from Wikipedia and may be reused under a CC BY-SA license.
To some, this emphasised the fact that currency boards are not irrevocable, and hence may be abandoned in the face of speculation by foreign exchange traders.
From
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.
Around the same time, it also reintroduced an old monitoring measure, whereby foreign exchange traders had to immediately report any transactions exceeding $0.5 million for individuals and $1 million for corporations.
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