听力原文:After a decade of being rigidly pegged to the US dollar, China's currency is finally free. Well, sort of. The People's Bank of China announced a new value, 8.11 to the dollar, strengthening the Yuan by about two percent, something the Bush Administration has been pushing for an...
Any country that adopts a Pegged Exchange Rate system has to maintain a huge foreign exchange reserve. This is due to the constant open market operations that it has to undertake. It has to stabilize the value of its currency with regard to the value of the pegged foreign currency. Therefore...
meaning a large percentage of the export and import business that goes on around the world is conducted using U.S. dollars. The U.S. dollar also is a relatively stable currency, and pegging a currency to it removes one potential problem from the economic mix that nations face. ...
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A peggedcryptocurrencyis a cryptocurrency whose value is linked to a specific bank-issued currency, financial instrument or tradable commodity. Since the bank-issued currency -- U.S. dollar (USD), British pound (GBP), euro (EUR), etc. -- is fiat currency, a pegged cryptocurrency is also ...