Increase of Margins
In August 1993, the margin had to be expanded to 15% to accommodate speculation against the French franc and other currencies.
Read more about this topic: European Exchange Rate Mechanism
Famous quotes containing the words increase and/or margins:
“There is held to be no surer test of civilisation than the increase per head of the consumption of alcohol and tobacco. Yet alcohol and tobacco are recognisable poisons, so that their consumption has only to be carried far enough to destroy civilisation altogether.”
—Havelock Ellis (1859–1939)
“Everything is becoming science fiction. From the margins of an almost invisible literature has sprung the intact reality of the 20th century.”
—J.G. (James Graham)
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