Currency Peg
/ˈkʌrənsi pɛg/
Definitions
- (n.) A fixed exchange rate system where a country's currency value is tied to another currency or basket of currencies by law or policy.
The government maintained a currency peg to stabilize imports and exports.
Forms
- currency peg
- currency pegs
Related terms
See also
Commentary
Currency pegs are often embedded in statutory or regulatory frameworks and can affect international trade agreements and monetary law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.