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: 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. The 17 Eurozone members are using it as their currency. How a Dollar Peg Works? A Dollar peg goes on to use a fixed exchange rate. It means that the central bank of the country promises to give you a fixed amount of its currency when exchanged with a U.S. Dollar to maintain this peg, the country must hold lots of Dollars in hand. The countries which peg their currencies to the U.S. Dollar have a large number of exports to the United States.