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Currency Board

   Also found in: Wikipedia 0.01 sec.
Currency Board
Entity charged with maintaining the value of a local currency with respect to some other specified currency.
Currency Board
An agency of a government that determines the value of the domestic currency. Specifically, the currency board decides whether to peg the currency to another or to allow it to float. Theoretically, it may also peg the currency to the value of some commodity, such as gold, but that is exceedingly rare. In most developed countries, central banks perform the duties of currency boards. As separate entities, they are found mainly in developing countries.
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They explore copper money objects at the time of the Sahelian empires of ancient Ghana and Mali, glass beads as money in 19th-century East Africa's central caravan road, gin currency in colonial southern Nigeria, banks and the West African Currency Board, money and colonialism in the Gold Coast and British West Africa during the early 20th century, and other topics.
Money in Africa by Reference & Research Book News
Divided as Bulgaria's political landscape is, very few topics receive unanimous support from politicians and voters alike, but the need to maintain the currency board is likely the issue that comes closest.
Euro story: Bulgaria has always wanted to adopt the euro at the ... by Bivol, Alex / The Sofia Echo (Sofia, Bulgaria)
By design, a currency board has no discretionary monetary powers and cannot engage in the fiduciary issue of money.
Example for fiscal prudence by Gulf News (United Arab Emirates)
 
 
 
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