adjustable peg
noun[C]
ECONOMICS,FINANCEukusavaluefor onecurrencyinrelationto another that is set but can sometimes bechanged:
Anadjustablepegsystemis akindoffixedexchangeratesystemin whichexchangeratescan bereadjustedwhenmarketconditionschange.
Examplesofadjustable peg
adjustable peg
A movable oradjustablepegsystem is a system of fixed exchange rates, but with a provision for the revaluation (usually devaluation) of a currency.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.I prefer to talk about theadjustablepegwhich on the one hand is not floating and on the other is adjustable.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It is clear that the world will not co-operate except on the basis that we have stable parities and operate theadjustablepegsystem.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
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