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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.

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Some have proposed a rigid peg to the dollar, as via a currency board or outright dollarization (see Steve H.
The working of the Malayan Currency Board and the implications of the currency board system
As part of the preparations for independence, the Iraq Currency Board opened in April 1932.
 
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