Meaning of “crawling peg” in the English Dictionary


"crawling peg" in Business English

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crawling pegnoun [ C ]

uk us also sliding peg

ECONOMICS a method for controlling the value of a currency in relation to other currencies by allowing small regular changes in it over a period time:

The country is likely to allow its currency to appreciate over a period of time with the use of a crawling peg.
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(Definition of “crawling peg” from the Cambridge Business English Dictionary © Cambridge University Press)