dirty float

dirty float definition - finance
A term used in the currency market to refer to currency exchange rates in which a government intervenes relatively frequently in order to alter the direction of a countryÂ’s currency. This is in contrast to a currency that freely trades, which has minimal government intervention.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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