currency board arrangement

基本解释

When the linked exchange rate system was introduced in October 1983, there was no institutional arrangement whereby banks in Hong Kong maintained clearing accounts with the currency board.
一九八三年十月推出联系汇率制度时，在制度上并无要求香港的银行在货币发行局开设结算帐户的安排。
In October 1983, when the linked exchange rate system was introduced, there was no institutional arrangement whereby banks in Hong Kong maintained clearing accounts with the currency board.
一九八三年十月推出联系汇率制度时，并无要求香港的银行在货币发行局开设结算户口的制度性安排。

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
These include not just the devaluation by Brazil, its biggest trading partner, but low prices for its farm exports and the soaring dollar, to which the Argentine peso is fixed under a currency-board arrangement introduced in 1991.
ECONOMIST: Aid for Argentina