If a country's currency is "pegged" to the dollar, its exchange rate is

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When a country's currency is pegged to the dollar, it means that the exchange rate between that currency and the dollar is fixed. This is because the country's central bank has decided to set a specific value for its currency relative to the dollar and will take measures to ensure it stays around that value. This is different from a floating or flexible exchange rate, where the value of the currency is determined by market forces of supply and demand.

If a Country's Currency Is "Pegged" to the Dollar, Its