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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