Currency Board


 

Home
Site Map
Add Term
Search
About Us
Contributors

Currency board

An extreme form of pegged exchange rate in which management of both the exchange rate and the money supply are taken away from the central bank and given to an agency with instructions to back every unit of circulating domestic currency with a specified amount of foreign currency. Operates similar to the gold standard.

Currency Board

Entity charged with maintaining the value of a local currency with respect to some other specified currency.



Currency Board

Similar Matches

Currency futures contract

Currency futures contract

Contract specifying a standard volume of a particular currency to be exchanged on a specific settlement date.


Over-valued currency

Over-valued currency

The situation of a currency whose value on the exchange market is higher than is believed to be sustainable. This may be due to a pegged or managed rate that is above the market-clearing rate, or, under a floating rate, it may be due to speculative capital inflows. Contrasts with under-valued currency.


Currency

Currency

1. The money used by a country; e.g., the national currency of Japan is the yen. 2. The physical embodiment of money, in the forms of paper bills or notes, and metal coins.


Multicurrency clause

Multicurrency clause

Such a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date.


Currency no longer issued

Currency no longer issued

Old and new series gold and silver certificates, Federal Reserve notes, national bank notes, and 1890 Series Treasury notes.


Further Suggestions

Currency bloc
Currency in circulation
Currency swings
Common currency
Foreign currency futures contract
Foreign currency translation
Soft currency
Currency call option
Composite currency
Currency risk
Currency diversification
Currency depreciation
Currency basket
Currency selection
Under-valued currency
Eurocurrency deposit
Intervention currency
Currency
Asian Currency Units (ACU)
Foreign currency option
Currency in circulation
Moscow Interbank Currency Exchange (MICEX)
currency loan
Currency depreciation
Currency swap


 
All rights Reserved. Do not copy without permission.