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English definition of “adjustable peg”

adjustable peg

noun [C]
 
 
ECONOMICS, FINANCE
a value for one currency in relation to another that is set but can sometimes be changed: An adjustable peg system is a kind of fixed exchange rate system in which exchange rates can be readjusted when market conditions change.
(Definition of adjustable peg from the Cambridge Business English Dictionary © Cambridge University Press)
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