In other words, the design of the pegging and exchange rate system is the crucial element.

换句话说，设计的是钉住汇率制度和关键环节。

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The current exchange rate regime of "soft pegging"to dollar is the best choice for China both currently and in the near future.

现行的人民币＂软钉住＂美元的汇率政策应是当前以及未来相当长时期内中国的最佳选择。

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Pegging a basket of currencies has been becoming the underlying mechanism of RMB exchange rate.

这标志着钉住一篮子货币汇率制度成为下一阶段人民币汇率形成机制。

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Ecuador dollarized its currency, pegging the exchange rate of its peso to the dollar, and Panama has used the dollar alongside its own currency for decades.

FORBES: Magazine Article

The weaker the reputation of the central bank, the stronger the case for pegging the exchange rate to build confidence that inflation will be controlled.

ECONOMIST: Getting out of a fix