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Under the managed float system, the exchange rates are determined by the market, but the government also sells and buys currency in order to influence the exchange rate. This does not mean that most currencies will depreciate.
Under the managed float system, the exchange rates are determined by the market, but the government also sells and buys currency in order to influence the exchange rate.
Under the managed float system, the exchange rates are determined by the market, but the government also sells and buys currency in order to influence the exchange rate. This does not require a nation to maintain highly liquid assets.
Under the managed float system, the exchange rates are determined by the market, but the government also sells and buys currency in order to influence the exchange rate.