ECONOMICS,FINANCEtheactofconnectingthevalueof a country'scurrencyto that of anothercountry:Brazil'srealfellsharplyinJanuary1999 after thegovernmentabandoneditscurrencypeg.(Definition ofcurrency pegfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcurrency peg
currency pegCrime has continued to grow as a considerable social concern in the aftermath of the 2001 recession and a reversal of thecurrencypegwhere hyperinflation ensued.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.However, as the reference value rises and falls, so does the currency pegged to it.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.However, as the value of the reference currency rises and falls, so does the currency pegged to it.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The opportunity cost of a forgone tax base may outweigh perceived gains, especially where artificial currency pegs and manipulations are present to distort trade.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Monetarism and hard currency pegs, once seen as right-wing, now appear as providing vital discipline to sustain social democracy.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/currency-peg##
