currency board
US /ˈkɜːr.ən.si bɔːrd/
UK /ˈkɜːr.ən.si bɔːrd/
1.
currency board, cassa di conversione
a monetary authority that maintains a fixed exchange rate with a foreign currency
:
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The country adopted a currency board to stabilize its economy.
Il paese ha adottato un currency board per stabilizzare la sua economia.
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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.