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."