Single Currency Peg

An exchange rate for a currency whose value the government has decided to link to another currency, as opposed to a currency basket or a commodity like gold. For example, under the Bretton Woods System, most world currencies fixed themselves to the U.S. dollar, forming a single currency peg across most of the world. Under a single currency peg, a government must hold enough reserves of the peg in the central bank. For example, if a country fixes its currency to the British pound, it must hold enough pounds in reserve to account for all of its currency in circulation.

单词	single currency peg
释义	Single Currency Peg Single Currency Peg An exchange rate for a currency whose value the government has decided to link to another currency, as opposed to a currency basket or a commodity like gold. For example, under the Bretton Woods System, most world currencies fixed themselves to the U.S. dollar, forming a single currency peg across most of the world. Under a single currency peg, a government must hold enough reserves of the peg in the central bank. For example, if a country fixes its currency to the British pound, it must hold enough pounds in reserve to account for all of its currency in circulation.
随便看	noses in noses in on nosesmart noses out noses out of nose spray nose springs nose tackle nosethirl nosetiology nose to tail nose to the grindstone nose to the grindstone, have/keep one's nose to the grindstone, keep one's nose to the grindstone, put one's nose to the grindstone, puts one's nose to the grindstone, putting one's nose up nose up in the air, stick one's nose warmer nose-warmer nosewarmer nose-warmers nose was always in the air nose was in the air