A strategy whereby a country links its currency's exchange rate to another national currency. A fixed ratio of the pegged currency is held in deposit at domestic banks. Currency can then only be issued against equivalent reserves of the linked currency. This strategy might be used to stabilize currency and control inflation.
Related information about linked exchange rate system:
- Linked exchange rate - Wikipedia, the free encyclopedia
A linked exchange rate system is a type of exchange rate regime to link the exchange rate of a currency to another. It is the exchange rate system implemented ...
- Linked Exchange Rate System Definition | Investopedia
A system of managing a nation's currency and exchange rate by linking the national currency to another base currency that is held at a fixed ratio in deposit at ...
- Linked exchange rate system to stay in HK |Markets |chinadaily.com.cn
Nov 14, 2012 ... The Linked Exchange Rate System has been the cornerstone of Hong Kong's monetary and financial stability in the past three decades.
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Aug 26, 2011 ... The Linked Exchange Rate System was established in 1983. It is in essence a Currency Board system, which requires both the stock and the ...
- Linked exchange rate system to stay in Hong Kong: financial ...
Nov 14, 2012 ... 14 (Xinhua) -- The Linked Exchange Rate System has been the cornerstone of Hong Kong's monetary and financial stability in the past three ...
- Hong Kong's Linked Exchange Rate System To Remain
Jun 15, 2012 ... The Hong Kong government has published a statement confirming that it considers that the Linked Exchange Rate System (LERS) should not ...
- Linked Exchange Rate System | HKTDC
Aug 15, 2011 ... In the face of rising inflationary pressure in Hong Kong, some people have suggested that the Linked Exchange Rate system is the root cause ...
- LCQ3: Linked Exchange Rate System
Nov 14, 2012 ... Traditional Chinese Simplified Chinese Email this article news.gov.hk. LCQ3: Linked Exchange Rate System ********************************* ...