A breach of the Currency Board requirements would be quickly obvious to all. Within the current economic jargon, it is a very transparent form of policy implementation.
Some economists and others argue that a Currency Board has disadvantages because of the limitations it places on the economic roles of the CBBH for example: ·  the CBBH can not play a role in providing liquidity to the banking sector (i.e., it can not act as lender of last resort);  ·  the CBBH can not finance the Government;  ·  the CBBH can not play any direct role in financing economic development;  ·  the exchange rate can not be used as a tool to adjust to economic shocks or poor economic performance.