LERMS

AcronymDefinition
LERMSLiberalized Exchange Rate Management System
LERMSLaw Enforcement Records Management Services, Inc. (Tennessee)
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References in periodicals archive ?
In March 1992 a dual exchange-rate arrangement, known as the Liberalised Exchange Rate Management System (LERMS), was introduced, under which most imports were carried out with foreign exchange purchased from the parallel market, while exporters were required to surrender only 40% of their proceeds at the official rate (enabling the public sector to carry out certain imports, notably oil, at the official rate).