Unpeg


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Unpeg

To remove a peg to which a country's currency previously subscribed. For example, Kuwait unpegged the Kuwaiti dinar from the U.S. dollar and shifted to a currency basket in 2007 because the dollar was weak at the time, resulting in high inflation. When a country unpegs a currency, it may choose to peg the currency to something else or to let it float.
References in periodicals archive ?
BANKING AND CREDIT NEWS-January 19, 2015-Alpari sustains heavy losses as Switzerland unpegs currency from the euro
Summary: A leading banker said Wednesday the time is not ripe to unpeg the basket of Arab currencies from the US dollar, despite the global financial crisis.
147) This was exemplified when Argentina decided to unpeg the peso at the turn of the century.
So asking China to re-value RMB or to unpeg its exchange rate against dollar is the same as asking it to appreciate RMB.
As for the washing - unpeg it and dump it, neatly, on the grass.
Yes - I guess if those noodleheads in Washington unpeg the gold and the Golden Fleece is worked again, they'll be back.
Jackson discusses China's big news from the weekend when China said it will unpeg the Yuan from the Dollar, which Eric believes shows a large degree of confidence by China in their future.
The obvious meaning is to unpeg it from whatever internationally-believed-to-be-sound kind of currency.
They include urging elected officials to demand that China unpeg its "artificially low" currency from the U.
Complicating matters is the Chinese government's announcement that it will unpeg the yuan from the U.
The same month Thailand followed by Indonesia and the Philippines were forced to unpeg their currencies from the dollar.