# Anchor currency (peg currency)

- Canonical URL: https://www.gerhardmerk.de/anchor-currency-peg-currency
- Post ID: 589506
- Modified: 2023-07-25T20:48:06+00:00
- Language: en

## Definition

Foreign money or a basket of currencies (theoretically, it may also peg the currency to the value of some commodity, such as gold) to which a central bank ties its own means of payment. - Foreign money (as well it may be a commodity for example cigarettes such as after the Second World War) that is preferred by domestic economic agents in daily transactions over their own legal tender: a secondary currency. - See dollarization, euroization, ECU, secondary currency, regional money, special drawing right, settlement money, cigarette currency. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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