unpeg

[ uhn-peg ]

verb (used with object)

, un·pegged, un·peg·ging.

1. to remove the pegs from.
2. to open, unfasten, or unfix by or as if by removing a peg.
3. to stop pegging (commodity prices, exchange rates, etc.).

unpeg

/ ʌnˈpɛɡ /

verb

1. to remove the peg or pegs from, esp to unfasten
2. to allow (prices, wages, etc) to rise and fall freely

Word History and Origins

Origin of unpeg¹

First recorded in 1595–1605; un- ² + peg

Example Sentences

His first big move as central banker, back in 2005, was to unpeg the yuan from the dollar.

From Economist

China’s central bank has been gradually weakening the yuan since late last year and has signaled its intention to unpeg the currency from the dollar to make room for it to depreciate further.

From Wall Street Journal

Another possibility foreign observers have posited is that the Saudis will be forced to unpeg the riyal from the dollar, although given the potential this would have for uncontrollable knock-on effects on the rest of the economy, this seems likely to be a last resort.

From The Guardian

BEIJING—China’s new pledge to unpeg its currency from the U.S. dollar underscores a difficult fact for Beijing: Actions by the U.S.

From Wall Street Journal

It is far from clear that China will unpeg its currency from the dollar—something it has said it would do in the past only to retreat.

From Wall Street Journal