Pegging of Currencies . #PeggingOfCurrencies . #GlidingPegSystem . #CrawlingPegSystem
Small economies peg their currencies to a major currency or to a basket of currency in a fixed exchange rate-known as the pegging of currencies.
Gliding or crawling peg system – At times, the peg is allowed to glide smoothly upward or downward—a system which is known as gliding or crawling peg
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