courtesypar
/ˈkɜːtəsiˌpɑː/nounVerified NewAn official exchange rate maintained as a fiction of stability, which officials quote and everyone else works around.
The rate lives in bank lobbies, state media, and budget documents; the live one lives in group chats and money-changers' pockets. The spread between the two is a standing measure of how much a state and its citizens believe each other.
Etym. — courtesy + par: the peg as politeness — maintained so that no one has to say aloud what the money is worth.
Rel. — dollarshadow
Novelty check: NEW · checked 2026-11-08
review evidence: wordstoreview/review-batch-3-02-nations.md
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