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Examples
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In effect, the currency was permanently devalued, and repegged to gold at the new rate.
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The authorities effectively repegged the yuan's value to the dollar in July 2008 when the global recession started squeezing China's economy.
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After allowing the yuan to rise for much of 2007 and 2008, authorities repegged it to the dollar in mid-2008.
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Whereas referencing to a basket should have meant the yuan would weaken at times against the dollar for example, when the dollar was appreciating against the euro and yen in effect such dips were marginal and the yuan trended upward overall until mid-2008, when Beijing again repegged it with the onset of the financial crisis.
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We got it for half the asking price because the store owner said a lovely young couple with triplets deserved a piece like this, and also because sometime between, say, 1810 and 2005, it had been broken, glued, and repegged many times, something Jonah noticed and politely pointed out.
As Husbands Go Susan Isaacs 2010
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Beijing effectively repegged the currency, at about 6.83 yuan to a dollar.
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That is how Beijing effectively repegged the yuan to the dollar in mid-2008.
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The authorities effectively repegged the yuan's value to the dollar in July 2008 when the global recession started squeezing China's economy.
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We got it for half the asking price because the store owner said a lovely young couple with triplets deserved a piece like this, and also because sometime between, say, 1810 and 2005, it had been broken, glued, and repegged many times, something Jonah noticed and politely pointed out.
As Husbands Go Susan Isaacs 2010
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Today, July 21, 2005 China repegged the RMB to a basket of currencies.
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