Currency board arrangements, under which domestic currency can be issued only to the extent that it is fully covered by the central bank's holdings of foreign exchange, were long generally dismissed ...

If you're looking to exchange currency for a trip abroad, major brick-and-mortar banks or credit unions can help you get different currencies at a fair exchange rate. You won't want to visit your ...

Controversial and difficult to implement because of Bulgaria's serious structural problems, the currency board has been a crucial factor in the success of the country's latest stabilization program.