Currency Board Financial Statements

This paper and its accompanying spreadsheets are background material for a forthcoming book on currency boards by Steve H. Hanke, Nicholas Krus, and Kurt Schuler. The spreadsheets digitize financial data on individual currency boards. The data come mainly from the annual reports of currency boards; periodic financial statements in government gazettes; and the annual reports of British colonies, where currency boards were most prevalent. The paper explains how we standardized the financial data and offers facts necessary for a better understanding of the financial statements. We will update the paper as we accumulate further data or comments.