dual currency

dual currency
dual currency UK US noun [C or U] ECONOMICS, MONEY
a system in which two different currencies are used: »

All stores will have prices of goods in dual currencies for some time after the country changes to the Euro.

»

Since the implementation of the dual currency system, the country has seen significant growth, mainly in the international corporate and banking sectors.


Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Dual currency bond — Dual currency bọnd   [ djuəl kʌrənsɪ ; englisch], Doppelwährungsanleihe …   Universal-Lexikon

  • Dual Currency Swap — A currency swap used to hedge the risk associated with the issuance of a dual currency bond. A dual currency swap allows the bond issuer to repay the principal and coupon in the base currency or another currency. Exchange rates are preset in dual …   Investment dictionary

  • Dual currency deposit — In finance, a dual currency deposit (DCD) is a derivative instrument which combines a money market deposit with a currency option to provide a higher yield than that available for a standard deposit. There is a higher risk than with the latter… …   Wikipedia

  • Dual Currency Bond — A debt instrument in which the coupon and principal payments are made in two different currencies. The currency in which the bond is issued, which is called the base currency, will be the currency in which interest payments are made. The… …   Investment dictionary

  • Dual Currency Issue — A bond that pays interest in one currency but pays the principal in a different currency. The amount of the principal repayment is set at initiation and paid at maturity. This principal amount usually allows for some appreciation in the exchange… …   Investment dictionary

  • Dual Currency Service — A forex trading service that allows an investor to speculate on exchange rate movement between two specific currencies through a fund or instrument. A dual currency service typically requires the investor to make directional speculations between… …   Investment dictionary

  • Dual Currency Deposit — A fixed deposit with variable terms for the currency of payment. Deposits are made in one currency, but withdrawals at maturity occur either in the currency of the initial deposit or in another agreed upon currency. This is a deposit that creates …   Investment dictionary

  • Dual Currency Bond —    A bond that pays a coupon in one currency, but is redeemed for a fixed amount of another currency, often the dollar. Investors usually get an above market coupon, but run the risk that, in this example, the dollar would fall below the exchange …   Financial and business terms

  • Dual-currency issues — Eurobonds that pay coupon interest in one currency but pay the principal in a different currency. The New York Times Financial Glossary …   Financial and business terms

  • dual-currency issues — Eurobonds that pay coupon interest in one currency but pay the principal in a different currency. Bloomberg Financial Dictionary …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”