In 1971 this system collapsed when President Nixon declared that there was not enough Gold to back all the US Dollars in circulation and that the system built on the Bretton Woods act would
unpeg the US Dollar from the gold standard.
But some four years ago, when theSwissNational Bank moved to
unpeg the country's currency from the euro, led to a sharp revaluation of theSwissfranc and many debtors saw their instalments going through the roof.
For a country that is keen on expanding its tourism sector and being a transit and travel hub for the region, there's no alternative for the UAE except to eventually
unpeg its dirham from the dollar.
Aiming to place Egypt's external position on a more sustainable footing and encourage foreign investors back into the country, the CBE determined on 3 November 2016 to
unpeg the Egyptian pound, allowing its value to float.
Twin pressures have beset fleet operators: fresh volatility in the cash flow from civil and commercial projects, whether through cancellation or payment delays, and the novel volatility in fuel prices, as GCC economies
unpeg fuel and reduce subsidies.
Could the GCC
unpeg their currencies from the US dollar?
Speculation in the market increased about whether GCC countries would experience the same scenario, and
unpeg their currencies from the dollar.
Speculation in the market has increased about whether GCC countries would experience the same scenario, and
unpeg their currencies from the dollar.
Foreign exchange broker Alpari UK has entered insolvency after market turmoil over the surprise decision by Switzerland to
unpeg its currency from the euro, Sky News reported on Friday.
Folding Material
Unpeg the pieces of material and fold into the smallest possible squares.
To do this, though, China must
unpeg the yuan and allow full international access for it to become a trusted international form of currency and reserves.
From Hamlet's cryptic cautioning of Gertrude not to "
Unpeg the basket on the house's top, / Let the birds fly and like the famous ape / To try conclusions in the basket creep / And break your own neck down" to Apemantus's puzzling observation in Timon of Athens that "The strain of man is bred out / Into baboon and monkey," Shakespeare's apes, baboons, and monkeys usually require, even demand, some further explanation or interpretation.