Money. The New York Times Financial Glossary

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currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr-] written abbreviation cur noun currencies PLURALFORM FINANCE
1. [countable, uncountable] the system or type of money used in a particular country:

• The local currency is the rupee.

• The dollar was lower against European currencies.

— see also basket of currencies
ˌblocked ˈcurrency [countable, uncountable] FINANCE
a currency which a government does not allow to be taken out of the country or changed into other currencies
conˌvertible ˈcurrency [countable, uncountable] FINANCE
a 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] FINANCE
a currency whose main unit is divided into a hundred smaller units, for example dollars and cents
doˌmestic ˈcurrency also ˌlocal ˈcurrency [countable, uncountable] FINANCE
the 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] FINANCE
another name for a pegged currency
ˌfloating ˈcurrency [countable, uncountable] FINANCE
a 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] FINANCE
a currency or currencies not belonging to your own country:

• Exports will bring in valuable foreign currency.

ˌhard ˈcurrency [countable, uncountable] FINANCE
a 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.

ˌnon-conˌvertible ˈcurrency also ˌinconvertible ˈcurrency [countable, uncountable] FINANCE
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] FINANCE
a 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] FINANCE
a currency that is controlled by the central bank in a country so that it keeps the same value against other currencies
reˌserve ˈcurrency [countable, uncountable] FINANCE
a 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] FINANCE
the 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.

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Look at other dictionaries:

  • Currency — Cur ren*cy (k?r r?n c?), n.; pl. {Currencies} ( s?z). [Cf. LL. currentia a current, fr. L. currens, p. pr. of currere to run. See {Current}.] 1. A continued or uninterrupted course or flow like that of a stream; as, the currency of time. [Obs.]… …   The Collaborative International Dictionary of English

  • currency — I noun bank notes, bills, cash, circulating medium, coin, government notes, hard cash, legal tender, medium of exchange, moneta, money, money in actual use, notes, paper money, ready money, specie associated concepts: lawful currency II index… …   Law dictionary

  • currency — [kʉr′ən sē] n. pl. currencies [ML currentia, a current < L currens: see CURRENT] 1. a continual passing from hand to hand, as of a medium of exchange; circulation ☆ 2. the money in circulation in any country; often, specif., paper money 3.… …   English World dictionary

  • Currency — (engl., spr. Körrensi), das umlaufende Geld, bes. Papiergeld. Currencyleute, die in der Verbrechercolonie in Neu Süd Wales Geborenen …   Pierer's Universal-Lexikon

  • Currency — (spr. körrenßi), der englische Ausdruck für Kurant, erweitert auf alle gesetzlichen Zahlungsmittel, deren Annahme nicht verweigert werden darf. Im engern Sinne versteht man unter C. in Amerika nur Papiergeld und Banknoten. Ost werden aber auch (z …   Meyers Großes Konversations-Lexikon

  • Currency — (engl., spr. körrĕnßi), in England und Nordamerika das umlaufende Geld, bes. das Papiergeld. Currencyschule, Anhänger der vollen metallischen Deckung aller Banknoten, oder doch der Beschränkung des Notenwesens; Gegensatz: Bankschule, der die… …   Kleines Konversations-Lexikon

  • Currency — (Körrensi), in England das umlaufende Geld …   Herders Conversations-Lexikon

  • currency — (n.) 1650s, condition of flowing, from L. currens, prp. of currere to run (see CURRENT (Cf. current) (adj.)); the sense of a flow or course extended 1699 (by John Locke) to circulation of money …   Etymology dictionary

  • currency — cash, *money, legal tender, specie, coin, coinage …   New Dictionary of Synonyms

  • currency — [n] paper and coin money of a country almighty dollar*, bills, bread*, cabbage*, cash, chicken feed*, coinage, coins, cold cash*, dinero*, dough*, folding money, green stuff*, legal tender, medium of exchange, moolah*, notes, piece of change*,… …   New thesaurus

  • currency — ► NOUN (pl. currencies) 1) a system of money in general use in a particular country. 2) the quality or period of being current …   English terms dictionary

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