- A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of inter-governmental claims. The New York Times Financial Glossary
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* * *Internationally accepted currency, used by central banks to meet their financial commitments.
* * *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:
Reserve currency — A reserve currency (or anchor currency) is a currency which is held in significant quantities by many governments and institutions as part of their foreign exchange reserves. It also tends to be the international pricing currency for products… … Wikipedia
reserve currency — any currency, as the U.S. dollar, used as a medium to settle international debts. [1965 70] * * * reserve currency noun Any stable and easily convertible foreign currency that a government holds in its foreign exchange reserves and uses to… … Useful english dictionary
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 * * * reserve currency reserve currency ➔ currency * * *… … Financial and business terms
Reserve Currency — A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate. A large percentage of commodities, such as gold and oil, are… … Investment dictionary
reserve currency — UK / US noun [countable] Word forms reserve currency : singular reserve currency plural reserve currencies business a currency that is considered strong and reliable and is used a lot in international trade. National banks keep large stores of… … English dictionary
reserve currency — re serve ,currency noun count BUSINESS a CURRENCY (=type of money used in a particular country) that is considered strong and reliable and is used a lot in international trade. National banks keep large stores of reserve currencies, which include … Usage of the words and phrases in modern English
reserve currency — any currency, as the U.S. dollar, used as a medium to settle international debts. [1965 70] * * * … Universalium
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reserve currency — /rɪ zɜ:v ˌkʌrənsi/ noun a strong currency used in international finance, held by other countries to support their own weaker currencies … Dictionary of banking and finance