crawling peg
noun[C]
ukus(alsosliding peg)ECONOMICS
amethodforcontrollingthevalueof acurrencyinrelationto othercurrenciesbyallowingsmallregularchangesin it over aperiodtime:
Thecountryislikelytoallowitscurrencytoappreciateover aperiodoftimewith the use of acrawlingpeg.
See also
peg