• Flying Squid@lemmy.worldM
    link
    fedilink
    English
    arrow-up
    1
    ·
    12 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
      link
      fedilink
      English
      arrow-up
      4
      ·
      12 days ago

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