managed currency

noun

1. a currency whose value is established and maintained by deliberate governmental action working through national and international financial institutions, in contrast to the quasi-automatic gold standard.

managed currency

noun

1. a currency that is subject to governmental control with respect to the amount in circulation and the rate of exchange with other currencies

Word History and Origins

Origin of managed currency¹

First recorded in 1920–25

Example Sentences

Mr. Van Buren and his wiseacre assistants, have so managed currency matters, that we have very little to do business with.

From Project Gutenberg