ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Economy-Short-Sighted Remedy

dence that the markets can correctly discern the underlying trends and evolve the equilibrating set of exchange rates. The Governors of the Central Batiks of the developed countries were forced once again to intervene two months ago by activising reciprocal swap arrangements for maintaining orderly conditions in the exchange markets.

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