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Meaning of bimonetario by John Rene Plaut




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John Rene Plaut

bimonetario
  23

BIMONETARIO Said of a system or accounting : It is carried in two different current currencies. Generally refers to keeping a accounting in dollars or Euros, for the parent company, and a parallel accounting in local currency to comply with the regulations of the country in which the commercial operations are carried out. 2 . Said of a monetary regime : It officially has two national exchange currencies : Panama has a bi-millenniary system based on the dollar and balboa, both official currencies.

  

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