With regards to NIRs, the CBE's decision to
unpeg the Egyptian Pound led to the steady accumulation of foreign currency reserves through the formal channels.
M2 EQUITYBITES-January 19, 2015-Alpari sustains heavy losses as Switzerland
unpegs currency from the euro
"To begin to
unpeg from the dollar would also mean unpegging from full convertibility.
Although some are calling for the GCC states to
unpeg their currencies from the dollar, this would not be easy as oil is priced in dollars, as are many other major commodities around the world.
The EU and the US have both accused China of keeping the renminbi at an artificially low level, and want it to
unpeg it from the dollar.
In his view this is not the right time to
unpeg the Saudi riyal from the US dollar, as there is no alternative currency to replace it at the moment.
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.
Q China has been grabbing headlines recently for failing to
unpeg the yuan from the U.S.
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."
