Science Fair Project Encyclopedia
Currency board
A currency board is a system by which a currency is convertible at a fixed exchange rate with another currency.
This can mean that the currency is fully backed by a hard currency.
When a currency board makes a currency convertible at a fixed exchange rate to some weight of gold then the system is referred to as a gold standard.
See also
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details