Currency board Helena continue to operate currency boards, backing their locally printed currency notes with pound sterling reserves. A gold standard is a special case of a currency board where the value of the national currency is linked to the value of gold instead of a foreign currency. For a precise definition of what constitutes a currency board, including past examples, see: Currency board A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate
Charles S. Dewey Charles S. Dewey Charles Schuveldt Dewey (November 10, 1880 – December 27, 1980) was a banker and politician from Illinois. The cousin of George Dewey, Charles S. Dewey entered the real estate business in Chicago, Illinois in 1905. He served in the United States Navy during World War I. In 1920, he began a career in banking as Vice President of the Northern Trust Company of Chicago. Four years later, Andrew W. Mellon appointed Dewey an Assistant Secretary of the Treasury. A committee led by Dewey standardized the portraits and dimensions of American currency; the dimensions are still in use