A similar trick is used to calculate a notional exchange rate for the Venezuelan bolivar, fixed by government since2003. 其实早在2003年以来,这样的计算方法就被用于计算由政府定值的委内瑞拉玻利瓦尔的概念汇率。
bolivar bolivares
[ noun ]
the basic unit of money in Venezuela; equal to 100 centimos
<noun.quantity>
Venezuelan statesman who led the revolt of South American colonies against Spanish rule; founded Bolivia in 1825 (1783-1830)
<noun.person>
The bolivar was devalued.
But Venezuela's traditionally over-priced currency, the bolivar, made exporting Polar impossible until the oil-price crash brought along a devaluation of the bolivar in 1983.
But Venezuela's traditionally over-priced currency, the bolivar, made exporting Polar impossible until the oil-price crash brought along a devaluation of the bolivar in 1983.
When the bolivar was devalued, the subsidiary suffered because the government got a preferential exchange rate and cheaper transportation.
Perez did not say whether the bolivar would be allowed to float according to the market, or whether one single official rate would be established.
To counteract this and to protect the Venezuelan currency, the bolivar, the central bank raised interest rates sharply.