English version

crawling peg

From Longman Business Dictionarycrawling pegˌcrawling ˈpeg (also sliding peg) noun [countable usually singular]FINANCE a way of trying to stop a currency losing value too quickly by connecting its value to another currency, but allowing it to change between upper and lower limitsThe government abandoned the crawling peg exchange rate and allowed the currency to float on the market.
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