pegged currency Meaning in the Cambridge English Dictionary
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Meaning of “pegged currency” in the English Dictionary

"pegged currency" in Business English

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pegged currencynoun [C]

uk   us   FINANCE, ECONOMICS
a ​currency whose ​value is ​controlled so that it ​stays at a particular ​level in relation to another: In recent ​times the ​fallingdollar has ​dragged the ​peggedcurrencieslower.
(Definition of pegged currency from the Cambridge Business English Dictionary © Cambridge University Press)
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