What is the definition of Adjustable peg? | Dictionary.net

ADJUSTABLE PEG

\ɐd͡ʒˈʌstəbə͡l pˈɛɡ], \ɐd‍ʒˈʌstəbə‍l pˈɛɡ], \ɐ_dʒ_ˈʌ_s_t_ə_b_əl p_ˈɛ_ɡ]\

Definitions of ADJUSTABLE PEG

1910 - Black's Law Dictionary (2nd edition)

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When exhange rates stay the same due to the strength of the currency. It can be adjusted to improve a countries position. This is based on the Bretton Woods system of 1944 to 1971.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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