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Depeg

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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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Moreover, Al Suwaidi said they will not depeg the dirham from the dollar.
Zadjali has also said that Oman is unlikely to depeg its currency from the US dollar as long as oil is priced in dollars.
Bini Smaghi was out saying that China should start to depeg from the USD, while Oman said that as long as oil was priced in USDs, the country would keeps its peg.
 
 
 
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