FX fact: Currency boards


Currency boards -- institutions replacing central banks to ensure a country’s currency can be purchased upon demand at a given exchange rate versus another currency -- have been used for many years in nations experiencing financial indiscipline and instability.

The oldest board still in operation is in the small French African nation of Djibouti. The country has used a currency board arrangement -- first fixing its currency to the French franc, and then the US dollar -- since 1949.

The next

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: