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 of, increase and/or margins:
“And because of the increase of lawlessness, the love of many will grow cold.”
—Bible: New Testament, Matthew 24:12.
“When Americans look out on the world, they see nothing but dark and menacing strangers who appear to have no sense of rhythm at all, nor any respect or affection for white people; and white Americans really do not know what to make of all this, except to increase the defense budget.”
—James Baldwin (1924–1987)
“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)