rate war meaning in English
减价竞争。
Examples
- From 1929 to 1943 , with the currency system changing to the floating exchange rate system , each monetary bloc implemented the strict foreign exchange management , and competed to use the depreciation policy to stimulate the exportation , resulting in " he changes rate war "
这次人民币汇率形成机制改革的内容是,人民币汇率不再钉住单一美元,而是按照我国对外经济发展的实际情况,选择若干种主要货币,赋予相应的权重,组成一个货币篮子。