A currency board is a type of a floating exchange rate system in which the commitment to the floating exchange rate is very strong.

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A currency board is a type of fixed exchange rate system, not a floating exchange rate system. It involves a strong commitment to pegging the exchange rate of a country's currency to another currency, typically a major international currency like the US dollar or euro, and maintaining that peg through strict monetary policy and currency reserves.

A Currency Board Is a Type of a Floating Exchange