A currency board is an extreme form of a pegged exchange rate. Management of the exchange rate and the money supply are taken away from the nation's central bank, if it has one. In addition to a ...

Solid evidence flies in the face of his assertions. The first currency board was established in Mauritius in 1849. At their peak, there were over 70 currency boards. Since 1849, there have been ...

The extreme pegging method lies in a currency board, by which countries "anchor" their local currencies to a convertible currency like the U.S. dollar. The result is that the local currency has ...

To solve this problem at its root, Zimbabwe has two main options, namely cash dollarisation (forced onto the economy by the market) or to adopt a currency board. This paper proposes that a ...

The Institute of Economic Affairs (IEA) is pushing for the establishment of a Currency Board (CB) to limit the Central Bank lending to the government, a move it believes will stabilise the cedi ...

One suggestion that has been proffered relates to establishing a currency board. This is basically a very simple, strictly rule-bound institution for supplying an economy with a domestic currency.

But, with confidence in public finances depleted and the rupee's value plummeting, Sri Lanka must also take the more radical step of installing a currency board. Under such a system, the exchange ...

HARARE, Feb 12 (Reuters) - Zimbabwe is working on new measures to stabilise its local currency including linking the exchange rate to hard assets such as gold and creating a currency board ...

Board Member Dr. Isaac Adongo – who suggested suspending over-the-counter foreign currency withdrawals, the Ghana Association of Bankers (GAB) has indicated that banks have not received any official ...

On July 1, 1997, Bulgaria implemented a currency board system, known as the "currency board," in response to a severe economic crisis marked by hyperinflation and widespread social unrest.