currency board
currency board
Glossary of money, banking and financial markets
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Economics
Definition of currency board
currency board: A monetary regime in which the domestic currency is backed 100% by a foreign currency (say, dollars) and in which the note-issuing authority, whether the central bank or the government, establishes a fixed exchange rate to this foreign currency and stands ready to exchange domestic currency at this rate whenever the public requests it.
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Glossary of money, banking and financial markets
Economics money banking and financial market glossary index of terms
Definition and meaning of currency board
Meaning of currency board
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