A system in which a country's currency is pegged to the value of another currency like the U.S.dollar,is called a

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A fixed exchange rate system is where a country's currency is pegged to the value of another currency like the U.S. dollar. In this system, the central bank of the country will buy or sell its own currency in the foreign exchange market to maintain the fixed exchange rate.

A System in Which a Country's Currency Is Pegged to the Value