1. Brazil, which is getting used to a free-floating currency after more than four years of pegging the value of the real to the dollar, is less enthusiastic. 2. Cavallo promised to make Argentina more competitive without devaluing the peso or ending the decade-old currency board system that pegs its value to the U.S. dollar. 3. De la Rua said he would continue to stand by the decade-old policy of pegging the value of the peso to the dollar. 4. Critics have argued that Argentina needs to drop its policy of pegging the value of the peso to the dollar to boost exports. 5. He privatized, deregulated and pegged the value of the peso to the dollar. 6. Interest rates in much of Southeast Asia are closely tied to those in the U.S. because currency values are also pegged to the dollar. 7. It artificially pegged the value of its currency to the dollar and stood ready to buy as many pesos in the open market as needed to support that decision. 8. Senior officials said the measures were intended to save a decade-old policy of pegging the value of the peso to the dollar and to avert a devaluation. 9. That seems to be the thinking in Indonesia, where a proposal to peg the value of the badly battered rupiah to the dollar is gathering momentum. 10. To prevent future inflation, the system rigidly pegged the value of the peso at one dollar, and left very little discretion in monetary policy. |