reserve currency


reserve currency
A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims. Bloomberg Financial Dictionary

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reserve currency reserve currency currency

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   Internationally accepted currency, used by central banks to meet their financial commitments.

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reserve currency UK US noun [C or U] FINANCE
a particular currency that is held by many countries who use it to make payments to other countries: »

The dollar is effectively the reserve currency of the world.


Financial and business terms. 2012.

Look at other dictionaries:

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