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 ...

See how we rate banking products to write unbiased product reviews. When travelling, you'll want to figure out what you're doing for currency exchange ahead of time. Local banks or credit unions ...