16 of these countries had floating rates and 3 had very hard pegs in the form of currency boards or no legal tender. The remainder had intermediate arrangements: five crawling bands, one horizontal ...

Jordan, a small open economy, has had a fixed peg to the dollar since 1996. The exchange rate anchor has helped the country reduce inflation and accommodate nominal shocks to money demand but made it ...

The chart below shows the number of Swiss francs ... Now, you can't just set' an exchange rate like that. If you don't want your currency to strengthen, you have to back it up with action.

A senior Central Bank executive yesterday asserted that The Bahamas is “well protected” by its fixed exchange rate peg to the US dollar despite fears that the latter may depreciate due to ...

Starting Monday, the devaluation, known as the crawling peg, will slow down to 1% a month from 2% a month previously. The central bank's board meets every Thursday, and a rate cut could come by ...