词汇 | currency-board |
释义 | currency board noun[ C ] ukus ECONOMICS, FINANCE, GOVERNMENT a government organization in some countries that controls the value of its country's currency, often by setting a fixed exchange rate with the currency of another country: The currency board in effect promises, if need be, to swap dollars for pesos at the stated parity without limit. A currency board has as its sole mission guaranteeing the value of the currency. Examples of currency boardcurrency board Currencyboard arrangements are the most widespread means of fixed exchange rates. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Their book contained a currencyboard blueprint for the country. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The currencyboard needs to ensure the maintenance of adequate reserves of the anchor currency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Before the implementation of the currencyboard there was much debate over which currency or currencies to peg the peso against. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A central bank may use another country's currency either directly (in a currency union), or indirectly (a currencyboard). From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A central bank may peg its exchange rate (like a currencyboard) with different levels or forms of commitment. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In a currencyboard arrangement, these notes are issued against reserves of sterling. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In case of a separate currency, also known as a currencyboard arrangement, the domestic currency is backed one to one by foreign reserves. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Thus, to grow the local monetary base an equivalent amount of foreign currency must be held in reserves with the currencyboard. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A currencyboard is a second tier solution, where the exchange rate of the currency is fixed to that of another country, or a basket of currencies. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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