| 11. | Through the mechanism, several countries set so-called parity rates for their currencies against those of other participants.
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| 12. | Under the ERM, currencies can move within a 15 percent range either side of their central parity rate.
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| 13. | It last changed hands for 85 . 13, close to its central ERM parity rate against the mark.
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| 14. | It is allowed to fluctuate within plus or minus 12 . 5 percent of the central parity rate.
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| 15. | The punt reached a 1996 high yesterday against the mark of 2.4543, 4 pfennigs above its central parity rate.
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| 16. | The standard fluctuation band in the ERM is 15 percent on either side of the currency's central parity rate.
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| 17. | The president of Italy's industrialists'union, Confindustria, has already said he is " worried " by the lira's new parity rate.
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| 18. | Under ERM rules, currencies are allowed to trade in 15 percent bands around central parity rates against other member currencies.
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| 19. | The French franc is allowed to fluctuate in 15 percent trading bands around its central parity rate of 3.3539 per mark.
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| 20. | The punt reached a 1996 high yesterday against the mark of 2 . 4543, 4 pfennigs above its central parity rate.
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