de-pegging of MRG

07:17 Apr 15, 2005

This question was closed without grading. Reason: No acceptable answer

English language (monolingual) [PRO]
Bus/Financial - Finance (general)

English term or phrase: de-pegging of MRG

The expression appears in the following sentence:
"Receding expectations of a RMB revaluation and a de-pegging of MRG also unwound liquidity, while renewed concerns about the Chinese economy overheating, pressured asset reflation and raw material stocks."
Any ideas on what MRG could stand for in this context?

Johanna Holmberg (X) KudoZ activity Questions: 536 (7 open) (10 without valid answers) (10 closed without grading) Answers: 50
Local time: 03:47

SUMMARY OF ALL EXPLANATIONS PROVIDED

minimum revenue guarantee

Lubosh Hanuska

Answers

1 hr confidence:

de-pegging of mrg minimum revenue guarantee

Explanation:
Term frequently used in state finances. It would be the amount the state (or another entity) would guarantee to someone under some contract - if the MRG is not reached they have to cover the difference. In the context of Chinese economy this might be an amount quoted in the state contract with a foreign company (I was not aware the Chinese have already started building tollways :-) Economy must be booming!

Lubosh Hanuska
Australia
Local time: 11:47
Works in field
Native speaker of:

English,

Slovak
PRO pts in category: 4

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