An automatic system for revising the exchange rate. It involves establishing a par value around which the rate can vary up to a given percent. The par value is revised regularly according to a ...

Starting Monday, the devaluation, known as the crawling peg, will slow down to 1% a month from 2% a month previously. The central bank's board meets every Thursday, and a rate cut could come by ...

(Bloomberg) -- Argentina’s central bank announced it will slow the pace of the peso’s controlled depreciation to 1% a month starting in February after fresh inflation data paved the way for ...

The Bangladesh Bank (BB) is not moving away from the crawling peg mechanism to a free-floating exchange rate regime right now to "avoid any speculative role" by foreign currency market aggregators.