DFEBSDivision of Fire, Emergency and Building Services (Connecticut)
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For instance, the central bank can control the "middle rate" around which DFEBs quote their rates as well as the margin around that rate.
The new system abolished foreign exchange retention and required exporting firms to sell all foreign exchange proceeds to the DFEBs. This regulation increased the foreign exchange supply in the market.
Second, participants in the unified foreign exchange market benefit from the freedom to choose any DFEB to trade with and no longer are restricted to the local FEACs in their areas.