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 ...

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.

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 ...