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 ?
He thinks the unpegged Texas rig works better than pegging the sinker.
Further, he unpegged the peso from the USD, sending inflation through the roof.
Unpegged, a heavy weight may bust through, but leave the lure and hook on top of the grass.
So, off we trotted on to the pitch and decided the most sensible preparation was to pelt the balls into the empty goal but that backfired when all of them hit the unpegged net, continued through it and ran down the grass verge into the estate behind the pitches.
By means of that devaluation, the peso was unpegged from the U.
However, Mr Bourland said he was not persuaded by the argument that the currencies had to be unpegged from the greenback.
A short letter published in the March 10, 2005, issue of Nature quietly unpegged the core claim of NIAID and its satellite organizations in the AIDS industry regarding nevirapine's "effectiveness.
It was during such a reverie the other day that I entered the kitchen through the backdoor in my elastic-sided, tartan slippers and poplinette pyjamas, having just unpegged from the washing line four pairs of Y-fronts, three string-vests and my bed-socks.
Just as Europe has sought to restructure its economy with the euro, so too will China have to restructure its economy with an unpegged yuan.
Malaysia unpegged its currency, the ringgit, from the dollar and went to a currency basket system immediately after China's announcement.
Just as Europe has sought to restructure its economy with the euro, so will China have to restructure its economy with an unpegged yuan.
While all eyes were on China's revelation in late July that it had unpegged the yuan from the dollar and would henceforth keep it tied to a basket of currencies, the Malaysian government was able to cut the ringgit's long-standing link with the dollar without attracting much international attention.