أثار تقلبات سعر الصرف و تدابير المؤسسة الاقتصادية لمواجهتها

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(394) 6? :( A# !" * ‫ف‬G+%‫ ا‬G>‫ أﺱ*س ﺱ‬EF2 ‫ أﻥ‬F>%‫ ? ا‬ECU$q *4‫*ﻥ‬t%‫= أ‬Ft2 =t‫*ه‬5?‫'ار‬B? z³t‫ ﺕ‬DEM 0.6242 .( DEM 1,6507 = $ 1 ) ‫*رك آ*ن‬t%‫ر وا‬.‫'و‬%‫ ا‬34D 17/ 07/1990 ¿9‫*ر‬,D 4 :‫ﺝ'ول ر‬ ECU !8 !2 F,

(395) #. DEM $‫*ﻥ‬t%‫?*رك أ‬. 0,624200. ‫ف‬G‫ ﺹ‬G>‫ﺱ‬ ‫ر‬.‫'و‬%*D =Ft>%‫ا‬ $q 1990/07/17 1,6507. FRF. 1,33200. 5,5345. 0,2406721. NLG ‫'ي‬8%1‫ ه‬39‫ر‬1Fq. 0,219800. 1,8612. 0,1180959. BEF/LUF ‫آ‬1% ،$J4<FD ‫ف‬. 3,431000. 34,003. 0,1009029. ‫ـت‬t>%‫ا‬. $5‫ﻥ‬Gq ‫ﻥ‬Gq. =Ft>%‫'ار ا‬B? $q ECU. ‫ر‬.‫'و‬%*D =Ft>%‫= ا‬t4ECU$q 0,3781426. DKK. ‫*رك‬t‫وﻥ= دﻥ‬G‫آ‬. 0,197600. 6,2700. 0,0315152. ITL. =4%*9‫ة إ‬G4%. 151,8000. 1209,0. 0,1255583. IEP. ‫'ي‬8%‫ إر‬48‫ﺝ‬. 0,008552. 1,6234. 0,0138833. GBP. $84%G,‫ إﺱ‬48‫ﺝ‬. 0,087840. 1,808. 0,1588147. GRD. $‫ﻥ*ﻥ‬19 *tx‫درا‬. 1,44000. 161,62. 0,0089098. ESP. =4‫*ﻥ‬n‫* إﺱ‬,94D. 6,885000. 101,12. 0,680874. PTE. $%*‫ﺕ‬GD ‫'و‬4J‫إﺱ‬. 1,393000. 144,8. 0,0096202. (1) / (2)= (3) (1) (2) : =4%*,%‫= ا‬->%‫= ا‬%*O,‫<= إﺱ‬4,‫ى ﻥ‬Gx‫*رة أ‬n>D ‫>= أي‬4n%‫ ا‬P‫ ﻥ‬3? 54% ‫د‬1t>%‫ا‬ 0.6242 DEM + 1.332 FRF +….+ 1.393 PTE = V (ECU) ............... ( ). 28.

(396)

(397)

(398) . DEM 0.6242 × $1. ‫ ؟‬ECU ( $ ) 1. DM 1.6507. $1. DEM 0,6242 DEM 1,6507. ‫>*دل‬9 ‫ر‬.‫'و‬%*D *w82 ‫ا‬Gn>? ECU $q DEM =t‫*ه‬5? ‫'ار‬B? ‫¡ن‬q =4©³%‫'ة ا‬2*B%‫|'ام ا‬,‫¡ﺱ‬D‫و‬ Bn‫ ﺱ‬¥46 ‫'ي‬8%‫ر‬L‫ وا‬$84%G,‫ﺱ‬L‫ ا‬48<%‫'ا ا‬2 *? ‫ت‬t>%‫ ا‬$-*D 32 ‫*ل‬B9 ‫ء‬$M%‫ ا‬P‫ ﻥ‬0,3781426 ?‫= و‬t5B%‫= ا‬4Ft2 EF2 4%‫ب و‬GA%‫= ا‬4Ft2 ‫|'ام‬,‫ إﺱ‬EF2 '8,5‫*ب ﺕ‬5O%‫= ا‬B9Gq *tw4%‫ﺵ*رة إ‬L‫ا‬ ,9 *t‫ آ‬، $ 1.2542 =1 ECU‫ر‬.‫'و‬%*D *w82 ‫ا‬Gn>? ECU =t4- EF2 z+O‫( ﻥ‬3) ‫د‬1t>%‫ ا‬4- t‫ﺝ‬ .}2‫= أ‬O‫ﺽ‬1t%‫*ت ا‬4Ft>%‫*ع ا‬n‫¡ﺕ‬D ‫*رك‬t%*D ECU ‫ـ‬%‫ ا‬G>‫= أو ﺱ‬t4- 32 G4n>,%‫ا‬ ECU $mD‫' اور‬mB8%‫'ة ا‬m6‫ وو‬DTS =m‫|*ﺹ‬%‫ ا‬7O5m%‫ق ا‬1mB6 ‫'ات أو‬m6‫ و‬34mD =m‫*رﻥ‬B? ‫ وﺽ‬3Jt9‫و‬ ECU ‫ وﺡ'ة‬DTS ‫رﻥ ) وﺡ'ة‬K ‫ ا!'ول‬T‫ی‬ 5:‫ﺝ'ول ر‬ 2# ECU. 4 A# .# DTS. &(. 4 C4 & " & 16 % & ( D' " D' 5 -> &' . 0: $ . 1_ & & " D' /,. (& . @

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