| 单词 | currency board |
| 释义 | currency board noun[C] ukusECONOMICS,FINANCE,GOVERNMENT agovernmentorganizationin somecountriesthatcontrolsthevalueofitscountry'scurrency, often by setting afixedexchangeratewith thecurrencyof anothercountry: Thecurrencyboardineffectpromises, if need be, toswapdollarsforpesosat thestatedparitywithoutlimit. Acurrencyboardhas asitssolemissionguaranteeingthevalueof thecurrency. Examplesofcurrency boardcurrency board Currencyboardarrangements are the most widespread means of fixed exchange rates. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.Their book contained acurrencyboardblueprint for the country. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Thecurrencyboardneeds to ensure the maintenance of adequate reserves of the anchor currency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Before the implementation of thecurrencyboardthere was much debate over which currency or currencies to peg the peso against. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.A central bank may use another country's currency either directly (in a currency union), or indirectly (acurrencyboard). From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.A central bank may peg its exchange rate (like acurrencyboard) with different levels or forms of commitment. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.In acurrencyboardarrangement, these notes are issued against reserves of sterling. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.In case of a separate currency, also known as acurrencyboardarrangement, the domestic currency is backed one to one by foreign reserves. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Thus, to grow the local monetary base an equivalent amount of foreign currency must be held in reserves with thecurrencyboard. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Acurrencyboardis a second tier solution, where the exchange rate of the currency is fixed to that of another country, or a basket of currencies. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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