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 ...

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 ...

Argentine President Javier Milei’s economy minister announced on Friday that the libertarian government would lift the ...