a currency board arrangement
... A pre-announced crawling peg 预先公布的缓慢钉紧汇率制度 A currency board arrangement 货币局制度、联系汇率制度 External current account 对外经常性项目账户 ...
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a currency board arrangement
货币发行局制度
以上为机器翻译结果，长、整句建议使用 人工翻译 。
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Under a currency board arrangement, the central bank guarantees the redemption of all notes in circulation at a set exchange rate to the dollar or another foreign currency or basket of currencies.
CNN: Suharto's Gamble
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Free capital movement and pegged exchange rates are a dangerous mix (unless the currency is fixed under a currency-board arrangement as in Hong Kong, where all local currency must be fully backed by American dollars).
ECONOMIST: Keeping the hot money out