Definition: Multiple official exchange rates
Balance of Payments, IMF
Multiple official exchange rates arise when the monetary authorities maintain a regime of applying two or more exchange rates to different categories of transactions. http://ec.europa.eu/eurostat/ramon/statmanuals/files/BoP_Manual_Fifth_Edition_EN.pdf
Source:
International Monetary Fund (IMF), "Balance of Payments Manual" (BOP), Fifth Edition, Washington D.C., 1993
International Monetary Fund (IMF), "Balance of Payments Manual" (BOP), Fifth Edition, Washington D.C., 1993
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