currency board

US /ˈkɜːr.ən.si bɔːrd/
UK /ˈkɜːr.ən.si bɔːrd/
"currency board" picture
1.

currency board, cassa di conversione

a monetary authority that maintains a fixed exchange rate with a foreign currency

:
The country adopted a currency board to stabilize its economy.
Il paese ha adottato un currency board per stabilizzare la sua economia.
A currency board ensures that the domestic currency is fully backed by foreign reserves.
Un currency board assicura che la valuta domestica sia completamente coperta da riserve estere.