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
Oldest profession (phrase) called “the oldest profession in the world", a profession which is carried on in Piccadilly, Regent street, and other parts of London with great energy every night … In the same year the "Pall Mall Gazette" reported a speech in which "Mrs. Ormiston Chant … implored us to stand shoulder to shoulder and destroy what Kipling has called 'the oldest profession in the world'". The phrase was frequently used as a euphemism when delicacy forbade direct reference to prostitution. Kipling was not the first to employ the phrase "the most ancient profession" in an opprobrious sense. The Irish poet Henry