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单词 counterpart fund
释义

counterpart fund

noun
A sum of money accrued in a local currency arising from goods or services received from abroad.The money from these sales, called counterpart funds, remained in the local currency in a special account....
  • As much as 60 per cent of the ERP counterpart funds were used for industry and infrastructures, while agriculture only received 29 per cent.
  • France and Italy used their counterpart funds to combat inflation and enforce budgetary restraint.
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更新时间:2024/11/10 19:18:08