Definition von currency board im Englisch Englisch wörterbuch
(Ekonomi) A currency board is a monetary authority which is required to maintain an exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target
a system in which the exchange rate between the local currency and foreign currency is fixed by law
Form of central bank that issues domestic currency for foreign exchange at fixed rates
An institution whose sole purpose is to keep a foreign exchange rate fixed by acting as a residual buyer or seller of the country's money at that price (p 790)