SolitudeSeeker
Wed Oct 09 2024
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5 answers
1254
What happens when a currency is pegged to the US dollar?
Could you please elaborate on the implications of pegging a currency to the US dollar? Does it provide stability to the domestic economy? How does it affect international trade and investments? Additionally, are there any potential drawbacks or risks associated with this practice? I'm particularly interested in understanding the mechanisms behind this monetary policy and how it influences economic decision-making.
