currency board definition
The United States does not have a currency board but it has a Federal Reserve Bank or Central Bank which works differently. 213 Flexibility in Design While the key currency board features described in subsection 211 represent a definition of an ideal type of currency board most economist could agree. Google Search Tricks Infographic E Learning Infographics Educational Technology Infographic Information Literacy See also monetary policy and monetary system. . PDF On Currency Boards. To make this commitment credible the board holds reserves of foreign currency or of gold or some other liquid asset equal to at least 100of the domestic currency issue at the fixed rate of exchange. The currency board regime was instituted as a means for the Argentine government to end the chronic inflation it had been facing. The main qualities of an orthodox currency board are. A government organization in some countries that controls the valu...