Artificial currency


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Artificial currency

A currency substitute, e.g., special drawing rights (SDRs).

Artificial Currency

A currency that does not circulate and is used for accounting purposes only. A prominent example is the special drawing right, which is based on a basket of different currencies and is used when accounting IMF transactions.
References in periodicals archive ?
The reality, judging by the state of the economies in the South of Europe (Portugal, Spain, Italy, and Greece), in the East of Europe (Slovenia, Poland, Romania, Bulgaria, the Czech and Slovak Republics and Hungary), and in the Republic of Ireland, seems to show clearly that the European Union is an empty institution working only in favour of a vast financial sector, the second largest one in the World after the US, with an artificial currency, the euro, used to justify cuts in public services, and people's wages and pensions.
PPS is an artificial currency unit that eliminates price level differences between countries.
Russia -- whose medium term economic prospects remain decent at a time of high oil prices -- had indicated its strong opposition to artificial currency devaluations.
The artificial currency that ruined the Greeks, angered the Germans, nearly bankrupted the Spaniards, and left pretty much everybody else at each other's throats
Addressing a poser on the China's artificial currency depreciation, Mukherjee said that though currency depreciation is not a part of discussion at the G-20, the economies should not resort to value judgement.
People in the Eurozone face a price rise in imported goods, see their holiday spending to dollar-related countries rise and should worry about the overall stability of the artificial currency project which was inaugurated as cash money in 2002.
dollar and artificial currency controls that have overinflated the value of the boliviano.
This provides an artificial currency unit, which can be compared across countries which use different currencies.
Artificial currency manipulation will distort demand for imported inputs, giving a cost competitive advantage to products and services sourced within Egypt.
Artificial currency restraints will also undermine import purchases through the remainder of this year.
The long-established diamond cartel sets world-wide prices and the stones are effectively an artificial currency.
The United States, chair of the one-day G-7 meeting of finance ministers and central bank governors, has remained cool toward any suggestion of artificial currency manipulation since the yen's rapid appreciation first made headlines in early summer.