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 ...

When travelling, you'll want to figure out what you're doing for currency exchange ahead of time. Local banks or credit unions may be the most convenient and affordable place to exchange currency.

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.

See how we rate banking products to write unbiased product reviews. Not all banks or credit unions exchange foreign currency. Our list has options that let you exchange foreign currency at a ...