what is crawling peg
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Yogita Ingle 5 years, 9 months ago
Crawling Peg is a compromise between fixed exchange rate and flexible exchange rate. According to Crawling Peg system, a country specifies a parity value for its currency and allows small adjustment i.e. permits a small variation around that parity (such as ± 1% from the parity). There is a ceiling and floor limit so that it can provide some discipline on the part of monetary authorities.
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