Has US ever unpegged USD from another country?

Upvote:5

No, because the US dollar has never been pegged to another currency in the first place.

However, the gold standard was arguably a similar concept, and that ended in 1933.

Here is an overview of how currency pegs work in the modern world economy. It's not necessarily a mutual decision as the question seems to assume. Other currencies are normally pegged to the US dollar, because it is still the leading global reserve currency. This is basically a domestic decision rather one made by the US. There are probably many historical examples where a currency pegged to the USD removed the peg. For example, Argentina pegged its currency to the USD from 1991 to 2002.

Brian Z 18314

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Source: stackoverflow.com

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