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单词 crawling peg
释义 crawling peg

crawling peg (also sliding peg) noun [C]

(Economics )

a way of controlling the exchange rate (= the price of a currency in relation to other currencies) by changing it by small amounts at regular intervals:

They abandoned a fixed exchange rate in favour of a crawling peg.

In 1999, the government introduced a crawling peg system.

The government adopted a crawling peg with an annual rate of depreciation of 5 percent vis-a-vis the US dollar.

ADJUSTABLE PEG

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更新时间:2025/1/22 18:53:13