currency boards

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Definition of currency boards in English English dictionary
currency board: (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
currency board: a system in which the exchange rate between the local currency and foreign currency is fixed by law
currency board: Form of central bank that issues domestic currency for foreign exchange at fixed rates
currency board: 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)

currency boards

Hyphenation

cur·ren·cy boards

kırınsi bôrdz

/ˈkərənsē ˈbôrdz/ /ˈkɜrənsiː ˈbɔːrdz/

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