Dollar-standard Exchange-rate System

An exchange rate system in which a country pegs the value of its currency to the U.S. dollar and freely exchanges the domestic currency for the dollar at the pegged rate.

For example, in 2012 the Hong Kong dollar is pegged to the U.S. dollar at a rate of 7.8 to 1. In the Caribbean, the Bahamian dollar is pegged to the U.S. dollar at a rate of 1 to 1, while Belize has pegged its dollar at 2 to 1 and Maldivian rufiyaa is at a fixed rate of 12.8 to 1 U.S. dollar. On the other hand, the Trinidad and Tobago dollar is steady at 6.33 to 1. Looking at the Middle Eastern region, in Qatar, the rial is pegged at 3.64 to 1 U.S. dollar,Bahrain’s dinar clocks in at 0.376 to 1 U.S. dollar, and Lebanon‘s pound is pegged at 1507.5 to 1 U.S. dollar.