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
The World Is Curved standard of living, and this will cause a serious chain effect. What happens in China is affecting the world. The problem is that China is growing too big. Therefore, the problem that bubbles occur is more serious than we think. European strategists pointed out that in the 1970s, Germany experienced a strong growth rate and a higher capital inflow in the 1970s. The only way to prove that it was effective to safely land the economy at the time was a currency value. Other methods did not work. On the basis of this, European bureaucrats argued that curbing inflation is