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Eurocurrency |
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Eurocurrency Currency deposited by national governments or corporations in banks outside their home market. This applies to any currency and to banks in any country. For example, South Korean won deposited at a bank in South Africa, is considered Eurocurrency. Also known as "Euromoney". Notes: Having "Euro" doesn't mean that the transaction has to involve European countries. However, in practice, European countries are often involved. Eurocurrency Instrument issued outside your country, but denominated in your currency. A Eurodollar is a Certificate of Deposit in U.S. dollars issued in some other country (though mainly traded in London). A Euroyen is a CD issued in yen outside Japan.
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? Mentioned in | ? References in periodicals archive | |
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One would consider it remarkable that the Bundesbank would consent to the destruction of the one great success story of central banking for the dubious mish-mash of a Eurocurrency issued by a tower of babel in the ECB. As such, Britain has rejected the proposal of a Eurocurrency and European central bank. com, where you will find a list of traders and their returns from the most recent contest, EuroCurrency futures, which occurred on May 18. |
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