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currency board

Croatian translation: valutni odbor (fiksni tečaj)

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:currency board
Croatian translation:valutni odbor (fiksni tečaj)
Entered by: Vesna Zivcic
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15:15 May 16, 2003
English to Croatian translations [PRO]
Bus/Financial / Ekonomija
English term or phrase: currency board
... a number of countries have direct linkages, either through currency boards or through indexing of debt,...
Branka Bucconi
Croatia
Local time: 18:15
valutni odbor (fiksni tečaj)
Explanation:
"A currency board is an institution that issues notes and coins convertible on demand and at a fixed rate into a foreign currency or other external "reserve" asset. Ordinarily, a currency board does not accept deposits, though in certain cases it may accept those backed 100 percent by external reserves. As reserves, it holds high-quality, interest-bearing securities denominated in the reserve asset. Its reserve ratio is fixed at 100 percent or slightly more of its notes and coins in circulation, as set by law. The currency board makes profits from the difference between the interest on the securities that it holds and the expense of maintaining its note and coin circulation. It remits to the government all profits beyond what it needs to pay expenses and maintain its reserve ratio. The currency board has no discretion in monetary policy; market forces alone determine the quantity of notes and coins in circulation."


...valutni odbor, ili currency board kao što je MMF već uveo u Bosni i Hercegovini, Kosovu, Crnoj Gori...


... Uvodjenje snažnih ogranicenja tako što se uspostavlja valutni odbor (Currency Board) ili obavlja priprema za uvodjenje evra umesto domaćih valuta su ...

www.beta.co.yu/korupcija/kome2.asp?ko=158

... koja je radi postizanja konzistentnosti početkom devedesetih uvela valutni odbor (fiksni tečaj). ...

ekonomijamoderna.inet.hr/langpovjerenje.htm

Selected response from:

Vesna Zivcic
Local time: 18:15
Grading comment
Hvala.
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +1valutni odbor (fiksni tečaj)
Vesna Zivcic


  

Answers


14 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
valutni odbor (fiksni tečaj)


Explanation:
"A currency board is an institution that issues notes and coins convertible on demand and at a fixed rate into a foreign currency or other external "reserve" asset. Ordinarily, a currency board does not accept deposits, though in certain cases it may accept those backed 100 percent by external reserves. As reserves, it holds high-quality, interest-bearing securities denominated in the reserve asset. Its reserve ratio is fixed at 100 percent or slightly more of its notes and coins in circulation, as set by law. The currency board makes profits from the difference between the interest on the securities that it holds and the expense of maintaining its note and coin circulation. It remits to the government all profits beyond what it needs to pay expenses and maintain its reserve ratio. The currency board has no discretion in monetary policy; market forces alone determine the quantity of notes and coins in circulation."


...valutni odbor, ili currency board kao što je MMF već uveo u Bosni i Hercegovini, Kosovu, Crnoj Gori...


... Uvodjenje snažnih ogranicenja tako što se uspostavlja valutni odbor (Currency Board) ili obavlja priprema za uvodjenje evra umesto domaćih valuta su ...

www.beta.co.yu/korupcija/kome2.asp?ko=158

... koja je radi postizanja konzistentnosti početkom devedesetih uvela valutni odbor (fiksni tečaj). ...

ekonomijamoderna.inet.hr/langpovjerenje.htm




    Reference: http://www.demokratski-centar.hr/stajalista/st115.html
Vesna Zivcic
Local time: 18:15
Native speaker of: Croatian
PRO pts in pair: 849
Grading comment
Hvala.

Peer comments on this answer (and responses from the answerer)
agree  xxxewa_markiewi
1 hr
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