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Depeg
(redirected from De-Pegging)

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Depeg
To remove a previously instituted peg on a currency. For example, if Currency A is pegged to Currency B at a 1:1 ratio, but the central bank for Currency A decides to let it float, it is said to be depegged from Currency B. Depegging may occur if the peg is causing inflation or if the central bank is unable to sustain the peg for other reasons.
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A senior central bank official said last week that the UAE is not worried about the dollar's weakness and is not considering de-pegging the dirham from the dollar "We're not considering de-pegging.
Rising inflation revives debate on currency peg by Gulf News (United Arab Emirates)
00 against the US dollar," Fadak said, adding that beyond these measures de-pegging needs to be considered to curb rising inflation.
Saudi economists call Fed move 'golden opportunity' to de-peg by Arab News (Jeddah, Saudi Arabia)
The UAE is not considering de-pegging its currency from the US dollar despite the greenback's recent weakness, a Reuters report citing a central bank official said yesterday.
Central bank denies dollar de-peg plan by 7 Days (Dubai, United Arab Emirates)
 
 
 
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