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Currency board - Definition and Overview |
| Related Words: Blurb, Cash, Celebrity, Coin, Coinage, Commonality, Cry, Daylight, Dollars, Dough, Exposure, Fame |
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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
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