Crawling peg


<< Mexican spanish >>
Hola. Leyendo un artículo sobre el populismo en América Latina me encontré con una frase que no entiendo: of the first measures undertaken by the Allende administration was to eliminate the system of crawling peg that had been adopted, with great success, by the Frei administration.

¿Eliminar un sistema de _______qué? ó .Ó

Gracias por su ayuda.
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  • Txiri

    Senior Member
    USA English
    crawling peg
    n (Economics) a method of stabilizing exchange rates, prices, etc., by maintaining a fixed level for a specified period or until the level has persisted at an upper or lower limit for a specified period and then permitting a predetermined incremental rise or fall

    I don't know how it's expressed in Spanish, though, sorry.