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Can the central parity rate be changed?

April 26, 2017changed parity rate

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Can the central parity rate be changed?

1 Answer

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All parties to the decision leading to entry in ERM II can request a reconsideration of the central parity rate. However, none of these parties may change the central parity rate unilaterally. The common procedure which applies to the setting of the rate also applies to any possible revisions.