Examples of 'currency board' in a sentence
Meaning of "currency board"
A currency board is a monetary authority or institution that issues and manages a specific currency. It operates under a fixed exchange rate regime and maintains a strict backing of foreign reserves for the domestic currency. The currency board system is designed to ensure the stability and convertibility of the domestic currency, often used in countries with volatile or weak economies to promote trust and confidence in the currency
How to use "currency board" in a sentence
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currency board
A currency board can not issue credit.
This is similar to how a currency board works.
A currency board is designed to promote currency stability.
The country has introduced a currency board arrangement.
A currency board system is passive and is characterized by automaticity.
The establishment of a currency board contributed to the stabilization.
Another type of fixed exchange regime is a currency board.
The currency board arrangement imposes constraints on fiscal policy.
The price of the currency board.
We have a currency board arrangement and a large fiscal reserve.
This is what is known as a currency board.
The operation of the currency board arrangement has been satisfactory.
The convertibility system was not an orthodox currency board.
Estoniacontinues with its currency board arrangement as aunilateral commitment.
It has been strictly followed the rules of the currency board.
See also
Lithuaniacontinues with its currency board arrangement as aunilateral commitment.
Currency board arrangements.
Its called a currency board.
The currency board system of adjustment would come into play.
Activities of the currency board.
Currency board regime.
A classic currency board cannot.
The first concerned the supposed restorative powers of a currency board.
Estonia continues with its currency board arrangement as a unilateral commitment.
The first option would require a return to an orthodox currency board.
Lithuania continues with its currency board arrangement as a unilateral commitment.
The exchange rate regime in application since then is a currency board.
Argentina was stuck with its currency board and overvalued currency.
The currency board system has worked according to its design.
Estonia is continuing with its currency board arrangement as a unilateral commitment.
A currency board prevents governments and central banks from currency manipulation.
Lithuania is continuing with its currency board arrangement as a unilateral commitment.
Currency board arrangements are the most widespread means of fixed exchange rates.
Their book contained a currency board blueprint for the country.
The currency board has continued to be the anchor for monetary policy.
Monetary financing of the budget deficit precluded by the currency board arrangement.
The adoption of the currency board will stabilise the exchange rate.
The BoL is currently considering to gradually abandon the currency board system.
The currency board was highly successful in ending hyperinflation and restoring growth.
Draft legislation needed for the creation of the currency board was prepared.
In this way a currency board operates not unlike the gold standard.
A reformed monetary system should be required to adhere strictly to currency board rules.
Successful operation of the currency board will be a key instrument in restoring economic stability.
Consider the stringent institutional conditions required to implement a currency board successfully.
Under the currency board arrangement there is no room for discretionary monetary policy.
Inflation came down rapidly after the introduction of the currency board system.
An orthodox currency board is a monetary institution that only issues notes and coins.
Foreign currency reserves increased considerably since the introduction of the currency board.
A currency board requires no preconditions for monetary reform and can be installed rapidly.
The balance of payments and the public debt under the currency board.
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