No, China's Renminbi Is Not The U.S. Dollar's Equal [IMF’s China Gambit]

Investors Business Daily ^ | 11/30/2015 | Editorial

[expat_panama]

...a currency peg removes the currency risk of bilateral trade.

Maybe someone snuck decaf into my thermos but I can't follow that at all.  All countries print currency and set its value on something.  Guatemala sets the value of their Quetzal at 1/2 dollar.  The U.S. pegs its dollar on 98% of the value of whatever the dollar bot last year (AKA 2 % inflation).   At any moment exchage rates are what they are.  When I trade w/ a foreign country I give dollars to some foreigner for stuff and he turns right around and buys stuff from the U.S. w/ those dollars --all at the same rate no matter what.

What you said just doesn't seem to fit in there.