the peso is pegged to the dollar oor Spaans
the peso is pegged to the dollar
Vertalings in die woordeboek Engels - Spaans
el peso está vinculado al dólar
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voorbeelde
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Voorbeelde moet herlaai word.
Its peso was pegged to the dollar, which is similar to Greece having the euro as its national currency.
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Starting in 1994, two types of currency were circulating in Cuba: the Cuban peso (CUP), which is used to pay public employees and with which some goods and basic services can be purchased; and the Cuban convertible peso (CUC), pegged to the American dollar, which is used to pay for imported products and tourism services.
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Workers are paid in Cuban pesos (CUP) but goods and services are valued in the convertible national currency (CUC), which is pegged to the US dollar.
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In other words, the currency of Argentina is overvalued by 80% and this brings memories of other times when the government of Argentina pegged Argentina's peso to the USA Dollar, something that could only be maintained by selling gold reserves, something that led to Argentina's default of its foreign debt.
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4 sinne gevind in 5 ms. Hulle kom uit baie bronne en word nie nagegaan nie.