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Reserve Currency
(redirected from Anchor currency)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
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.
Reserve Currency
A foreign currency held by a central bank or occasionally a major financial institution that may be used to settle international debts or transactions. A reserve may also be used to affect the exchange rate of the domestic currency. The most common reserve currency worldwide is the U.S. dollar, though the British pound, Japanese yen, and euro are also very common. See also: SDR.
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We have done research which looks at three criteria as to what anchor currency you would pick," he told The Middle East.
Will the GCC finally dump the dollar: controversy continues ... by Smith, Pamela Ann / The Middle East
It is a monetary authority that issues notes and coins convertible on demand into a foreign anchor currency at a fixed rate of exchange.
Example for fiscal prudence by Gulf News (United Arab Emirates)
In his testimony, Bernanke is also expected to maintain the same position as the Treasury Department that a strong greenback would benefit the US economy and that it should remain the world's anchor currency, analysts said.
Euro breaches $1.42 by AFP / AFP Global Edition
 
 
 
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