Old mark used in complex cash agreement with China for currency control (8,4,9)
I believe the answer is:
exchange rate mechanism
'old mark used in complex cash' is the definition.
I know nothing about this answer so I cannot tell whether this works.
'agreement with china for currency control' is the wordplay.
I cannot quite see how this works, but
an anagram of 'agreement' is 'ngerateme' which is located in the answer.
an anagram of 'china' is 'chani' which is present in the answer.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
I've seen this clue in The Times.
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