The development trend of currency board system

The traditional currency board system originated in the mid-Kloc-0/9th century, and it was a way of currency distribution in the overseas colonial systems of Britain, France and other countries, which was popular in the early 20th century. In 1950s and 1960s, with the prevalence of the government's active intervention in the economy and the obvious colonial economic color of the currency board, countries that used to implement the currency board system adopted the central bank system one after another. However, in the second half of the 20th century, the currency board system revived. From 65438 to 0983, the fluctuation of the depreciation of the Hong Kong dollar prompted the British Hong Kong authorities to decide to rebuild the currency board system, and the Hong Kong dollar was linked to the US dollar. 199 1 year, Argentina also established a currency board system to control high domestic inflation, stabilize the currency and restore the economy. In the process of economic transformation, Lithuania, Estonia and other countries have established currency board systems to stabilize the economy and rebuild the monetary system.