Title: Currencies Pegged to USD - Why are Currencies Pegged? Moneyglare
Headings: Currencies Pegged to USD
Currencies Pegged to USD
What is a Dollar Peg?
How a Dollar Peg Works?
Here’s an example.
Why Countries go on to Peg their Currency to the Dollar?
Major Pegged Currencies

Content: Today, we share with you the full list of currencies pegged to USD. What is a Dollar Peg? A Dollar peg is when a country goes on to maintain its currency’s at a fixed exchange rate to the USD (U.S. Dollar). The central bank of the country goes on to control the value of their currency so that it goes on to rise and fall along with the Dollar. In fact, the fluctuations in Dollar’s value are seen as it is on a floating exchange rate. Moreover, there are as much as 66 countries that have pegged their currency to the Dollar or are using the Dollar as their own legal tender. The Dollar has been recognized as the most popular currency in the world as it happens to be the world’s reserve currency. The Dollar was given that status at the Bretton Woods Agreement 1944. The second most popular currency is the Euro. As much as 25 countries have pegged their currency to it.