By 1970, there were 20 and, by the late 1980s, only 9. What is a currency board? A currency board combines three elements: an exchange rate that is fixed to an "anchor currency," automatic ...

Once you select the base and target currencies from the list and enter the desired amount into the provided field, the currency calculator immediately gives you the result. Additionally, you can ...

The idea aroused considerable debate. Proponents felt that a currency board offered an ideal solution to the problems of high inflation, lavish central bank lending to banks, and excessively high ...