repeg

verb

re·​peg (ˌ)rē-ˈpeg 

repegged; repegging

transitive verb

: to peg or fix (something, such as a currency) again

In July 2008, in the midst of the global financial crisis … , the yuan was unofficially repegged to the US dollar.

—Kel Butcher

repeg noun

plural repegs

a repeg of the currency

Word History

First Known Use

1895, in the meaning defined above