HKMA intervenes to drive away carry traders who have sought to take advantage of city’s rate gap with the US dollar.

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Next, the implementation of the currency peg under the broad umbrella called the "convertibility plan" is discussed and its rationale is explained in connection with the Central Bank's role in ...

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Pegging often includes preset ratios, which is why a pegged currency may be called a fixed rate. The U.S. dollar is used as a currency peg by many nations, as it is the world's reserve currency.

Hong Kong’s currency peg is now 40 years old. That means aches, pains and some questions about an early retirement. The city started pegging its currency against the U.S. dollar on Oct. 17, 1983.

Malaysia's finance ministry said on Tuesday it would implement structural policies aimed at boosting fund inflows and foreign investment that can support the ringgit, reiterating it has no plans ...

Currency peg. September 24, 2005 * In international finance, a government determination to hold constant the exchange rate of its currency with another currency.

Nigeria’s currency fell to a fresh all-time low against the dollar on Thursday, extending a huge selloff into a second day after the country’s central bank scrapped its currency peg and ...

In 1998, during the Asian Financial Crisis, Malaysia imposed capital controls and pegged the ringgit at 3.8000 to the dollar, maintaining the peg until 2005.

With fixed exchange rates and some of the world's worst debt and balance-of-payment ratios, Lebanon risks serious economic crisis next year should worsening relations with Gulf states choke off ...

Argentina should peg its currency to Brazil's real, not the US dollar, to deal with its economic problems including rampant exchange-rate instability and hyperinflation, according to an economist ...