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The adoption of local currencies in commercial relations


DWS112
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6 hours ago, dinarbeleiver said:

They are possibly about to de peg from the dollar and go to a basket of currency’s 

FYI - Being pegged to another currency means you are in a basket of currencies.

 

"

What Is a Currency Peg?

A currency peg is a policy in which a national government sets a specific fixed exchange rate for its currency with a foreign currency or a basket of currencies. Pegging a currency stabilizes the exchange rate between countries. Doing so provides long-term predictability of exchange rates for business planning. However, a currency peg can be challenging to maintain and distort markets if it is too far removed from the natural market price."

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2 hours ago, Carrello said:

FYI - Being pegged to another currency means you are in a basket of currencies.

 

"

What Is a Currency Peg?

A currency peg is a policy in which a national government sets a specific fixed exchange rate for its currency with a foreign currency or a basket of currencies. Pegging a currency stabilizes the exchange rate between countries. Doing so provides long-term predictability of exchange rates for business planning. However, a currency peg can be challenging to maintain and distort markets if it is too far removed from the natural market price."

Thank you Carrello hope your well

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