National Accounts   |   Statistics Division

Latest Data Upload: December 2013
 

Glossary - Definition of Term

Term
Principal rate
Definition Principal rate is used for countries that maintain multiple exchange arrangements, which often reflect wide ranges of exchange rates in effect in a country. Either central bank or government authorities may quite often set principal rates favourable for government transactions.
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 

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