• Flying Squid@lemmy.worldM
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    21 days ago

    Didn’t the Euro even start as being pegged to the dollar at 1:1 to stabilize it in the beginning? Or am I misremembering?

    • Pringles@lemm.ee
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      21 days ago

      No, not the euro, but China did peg the Yuan to the dollar for years to ensure their exports remained cheap.