- currency
- money. Bloomberg Financial Dictionary————The currency that the security is traded in. London Stock Exchange Glossary
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1. [countable, uncountable] the system or type of money used in a particular country:• The local currency is the rupee.
ˌblocked ˈcurrency [countable, uncountable] FINANCEa currency which a government does not allow to be taken out of the country or changed into other currenciesconˌvertible ˈcurrency [countable, uncountable] FINANCEa currency that can be freely exchanged for another:• Croatia has created a strong, convertible currency backed by growing foreign currency reserves.
ˌdecimal ˈcurrency [countable, uncountable] FINANCEa currency whose main unit is divided into a hundred smaller units, for example dollars and centsthe currency of the home country of a particular user:• An importer might be able to make payment in his own domestic currency if this is acceptable to the exporter.
ˌfixed ˈcurrency [countable, uncountable] FINANCEanother name for a pegged currencyˌfloating ˈcurrency [countable, uncountable] FINANCEa currency whose value is allowed to change in relation to other currencies:• The South Korean won had its first day as a fully floating currency yesterday, increasing in value against the US dollar.
ˌforeign ˈcurrency [countable, uncountable] FINANCEa currency or currencies not belonging to your own country:• Exports will bring in valuable foreign currency.
ˌhard ˈcurrency [countable, uncountable] FINANCEa currency that keeps its value or whose value increases in relation to other currencies, and is used for international payments:• Vietnam was obliged to pay in hard currency, rather than in roubles, for goods imported from Russia.
a currency that cannot be exchanged for other currencies:• There is no guarantee that earnings in the local, non-convertible currency, the Dong, can be exchanged for hard currency.
ˌpaper ˈcurrency [countable, uncountable] FINANCEa currency based on paper notes rather than on gold and silver coins:• The creation of a paper currency was central to the financial revolution and the growth of commerce.
ˌpegged ˈcurrency [countable, uncountable] FINANCEa currency that is controlled by the central bank in a country so that it keeps the same value against other currenciesreˌserve ˈcurrency [countable, uncountable] FINANCEa currency held by governments because of its strength and its usefulness in making international payments:• The US dollar is the most commonly used reserve currency for international trade.
ˌsingle ˈcurrency [countable, uncountable] FINANCEthe Euro, the common currency introduced in many European Union countries in 1999:• Some countries in the EU, such as Britain, have still not joined the single currency.
ˌsoft ˈcurrency also ˌweak ˈcurrency[countable, uncountable] FINANCE a currency that regularly loses value in relation to others:• The euro may be seen as a soft currency due to its use by countries with histories of high budget deficits and inflation.
2. [uncountable] ECONOMICS in the US, banknotes and coins, especially when considered as part of the money supply (= the amount of money in an economy at a particular time ) :• The money supply, essentially the sum of all currency and bank deposits, barely grew in the fourth quarter.
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currency UK US /ˈkʌrənsi/ noun [C or U] (plural currencies) (ABBREVIATION cur)► MONEY, FINANCE the system of money that is used in a particular country at a particular time: domestic/foreign/local currency »The deal will be done in the local currency.
stable/strong/weak currency »They benefited from having a stable currency over a long period of time.
buy/sell currency »Currency is bought on the currency foreign exchange, also known as the forex exchange.
devalue/revalue a currency »The Central bank devalued the currency to curb rising inflation.
a currency rises/falls »Stocks jumped and the currency rose for the first time in several weeks.
currency dealing/trade/trading »This website will give you top tips on the foreign exchange markets from currency trading experts..
»currency dealer/trader
→ See also BASKET OF CURRENCIES(Cf. ↑basket of currencies), BLOCKED CURRENCY(Cf. ↑blocked currency), CONVERTIBLE CURRENCY(Cf. ↑convertible currency), DECIMAL CURRENCY(Cf. ↑decimal currency), DIGITAL CURRENCY(Cf. ↑digital currency), DUAL CURRENCY(Cf. ↑dual currency), E-CURRENCY(Cf. ↑e-currency), FIXED CURRENCY(Cf. ↑fixed currency), FLOATING CURRENCY(Cf. ↑floating currency), HARD CURRENCY(Cf. ↑hard currency), INCONVERTIBLE CURRENCY(Cf. ↑inconvertible currency), NON-CONVERTIBLE CURRENCY(Cf. ↑non-convertible currency), PAPER CURRENCY(Cf. ↑paper currency), PEGGED CURRENCY(Cf. ↑pegged currency), RESERVE CURRENCY(Cf. ↑reserve currency), SINGLE CURRENCY(Cf. ↑single currency), SOFT CURRENCY(Cf. ↑soft currency), UNIT OF CURRENCY(Cf. ↑unit of currency)
Financial and business terms. 2012.