The National Bank of Ethiopia (NBE) has sought to continue its crawling peg
Botswana operates a crawling peg
for the pula against the South African rand (ZAR) and the International Monetary Fund's special drawing rights (SDR), which is a basket of major currencies.
In fact, the crawling peg
encourages some kinds of capital outflows, such as carry trade unwinding, the dollarisation of household accounts, and withdrawal by portfolio investors.
000/USD mark, monetary authorities have once again opted for a gradual depreciatory policy, returning to the crawling peg
against the US dollar, broadly in line with our forecast for this year.
Earlier, we had expected substantial downward pressure on reserves to force the government into a large, one-off devaluation, but the Argentine government has instead dramatically increased the rate at which the crawling peg
By 1979 it was judged that a more flexible system was appropriate, and a crawling peg
says Moody's, the central bank's crawling peg
regime could put pressure
In particular, Jordan, Lebanon, and Morocco have conventional fixed pegs; Tunisia has a crawling peg
and Egypt and Iran have managed floats.
The downgrade of the local currency ratings of Botswana to the level of its foreign-currency ratings is largely based on its crawling peg
and underdeveloped domestic debt market, S&P said.
For example, both China and Vietnam officially are maintaining a crawling peg
policy that allows their currencies--the renminbi and the dong, respectively--to adjust in value with respect to an undisclosed bundle of currencies within a specified range each day.
5 billion rescue packet from the IMF, the World Bank and the international financial community to stabilize the Brazilian economy and to defend the crawling peg
of the R$ to the US$, with a yearly nominal devaluation of 7.
In order to explore the implications of the exchange rate system, a regime of completely flexible exchange rates is compared to a crawling peg
regime and to a regime of fixed exchange rates.