In September 1992 Italy was forced out of the European Exchange Rate Mechanism, a pre-euro system of semi-pegged currencies.

1992年9月，意大利被迫脱离欧洲汇率的半挂钩机制。

youdao

A currency exchange rate that is allowed to be set completely by market forces, differ from the managed floating exchange rate system regulated by the government or pegged exchange rate system.

指完全由自由市场供求因素决定的货币汇率，与受官方管制的有管理的浮动汇率制度或爬行钉住汇率制不同。

youdao

In 1999 IMF reassessed all countries' exchange rate regime and the renminbi was defined as pegged exchange rate system.

人民币有管理浮动汇率制度在1999年IMF对各国汇率制度重新评估时被界定为严格盯住汇率制度。

youdao

That manipulated, pegged, or fixed-rate system worked well in the early postwar years when there was apparently an unlimited demand for dollar reserves, which we were happy to provide to the world in the form of external deficits.

FORBES: Currency Manipulation