currency peg Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “currency peg” in the English Dictionary

"currency peg" in Business English

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currency pegnoun [C]

uk   us  
ECONOMICS, FINANCE the ​act of ​connecting the ​value of a country's ​currency to that of another country: Brazil's ​realfellsharply in January 1999 after the ​governmentabandoned its ​currencypeg.
(Definition of currency peg from the Cambridge Business English Dictionary © Cambridge University Press)
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