|
|
|
|
|
Currency BoardA 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
|
 |
|
| Copyright 2005-2009 OnPedia.com. All Rights Reserved |
|
|