foreign currency


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.

Foreign currency

Money of a country other than one's own.

Foreign Currency

A currency printed in a different country. Generally speaking, a foreign currency may not be used to buy goods and services in any country other than the one in which it is printed, unless the government of that country agrees to use it. For example, the Federated States of Micronesia uses the U.S. dollar, but if the Micronesian government had not agreed to this one would not be able to use dollars in Micronesia. However, exceptions to this rule exist, particularly when the domestic currency has a low value. For example, many merchants in Zimbabwe accept the U.S. dollar in addition to (or even instead of) the Zimbabwean dollar. See also: Foreign Exchange.

foreign currency

or

foreign exchange

the CURRENCY of an overseas country, which is purchased by a particular country in exchange for its own currency, which is then used to finance trade and capital transactions between the two countries. See INTERNATIONAL TRADE, FOREIGN EXCHANGE CONTROLS, FOREIGN EXCHANGE MARKET, FORWARD MARKET.

foreign currency

or

foreign exchange

the CURRENCY of an overseas country that is purchased by a particular country in exchange for its own currency. This foreign currency is then used to finance INTERNATIONAL TRADE and FOREIGN INVESTMENT between the two countries.

See FOREIGN EXCHANGE MARKET, FOREIGN EXCHANGE CONTROLS.

References in periodicals archive ?
non-residents on the basis of a passenger customs declaration filled in at the entrance to the Republic of Uzbekistan, in which the amount of foreign currency in cash is indicated not less than the amount of foreign cash withdrawn.
Foreign currency senior unsecured medium term note (MTN) program: (P)A3
It requires delivery of, or its settlement depends on the value of, a foreign currency that is a currency in which positions are traded through regulated futures contracts (defined by Sec.
Although the change in owner functional currency net value from year to year is the basis for determining the unrecognized foreign currency gain or loss for that year, certain adjustments are required.
All operations undertaken pursuant to the preceding paragraphs shall be reported promptly to the Foreign Currency Subcommittee and the Committee.
Moody's also upgraded to B2, from B3, the long-term local and foreign currency issuer ratings of government-owned Corporacion Financiera de Desarrollo S.
An SOP entitled Foreign Currency Accounting and Financial Statement Presentation for Investment Companies, which will be published later this year, requires the reporting of all foreign currency gains and losses other than those related to investments.
1 million in off-market spot and forward foreign currency sales, executed by the U.
Purchase foreign currency protection through foreign currency, or FX, contracts.
Uncollateralized foreign currency bonds to 'CCC/RR4' from 'B-/RR4';
Therefore, the long-term local currency deposit and foreign currency senior unsecured debt ratings receive a one-notch rating uplift from its BCA.
Without realizing it, individuals can easily engage in a foreign currency transaction that can result in U.

Full browser ?