In January, the Swiss National Bank moved to unpeg
the country's currency from the euro, leading to a sharp revaluation of the Swiss franc.
Despite the sudden decision by the SNB to unpeg
the Swiss Franc against the Euro in January 2015 which resulted in extreme market volatility, we have remained strong where many of our competitors were adversely affected by the turmoil.
To begin to unpeg
from the dollar would also mean unpegging from full convertibility.
Although some are calling for the GCC states to unpeg
their currencies from the dollar, this would not be easy as oil is priced in dollars, as are many other major commodities around the world.
In his view this is not the right time to unpeg
the Saudi riyal from the US dollar, as there is no alternative currency to replace it at the moment.
Summary: A leading banker said Wednesday the time is not ripe to unpeg
the basket of Arab currencies from the US dollar, despite the global financial crisis.
147) This was exemplified when Argentina decided to unpeg
the peso at the turn of the century.
So asking China to re-value RMB or to unpeg
its exchange rate against dollar is the same as asking it to appreciate RMB.
Q China has been grabbing headlines recently for failing to unpeg
the yuan from the U.
As for the washing - unpeg
it and dump it, neatly, on the grass.