crawling peg
In economics, a method of achieving a desired adjustment in a currency exchange rate (up or down) by small percentages over a given period, rather than by major revaluation or devaluation.
Some countries use a formula that triggers a change when certain conditions are met. Others change values frequently to discourage speculations.
Some countries use a formula that triggers a change when certain conditions are met. Others change values frequently to discourage speculations.
© RM 2010. Helicon Publishing is division of RM.
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