currency board

English - Turkish

Definition of currency board in English Turkish dictionary

Related Terms

currency boards

para kurulları

English - English

Definition of currency board in English English dictionary

(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)

Hyphenation

cur·ren·cy board

Turkish pronunciation

kırınsi bôrd

Pronunciation

/ˈkərənsē ˈbôrd/ /ˈkɜrənsiː ˈbɔːrd/