Both countries involved in a pegging of currency must agree to the terms of the pegging.

Name: Both countries involved in a pegging of currency must agree to the terms of the pegging.
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Question

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Currency pegging is typically a unilateral decision by one country to fix its exchange rate to the currency of another country, and does not require formal agreement from the country whose currency is being pegged to.

Both Countries Involved in a Pegging of Currency Must Agree