Real Currency

(redirected from Real Currencies)

Real Currency

The purchasing power in today's currency of future nominal currency to be disbursed or received.

Real Currency

A currency expressed in terms adjusted for inflation. See also: Real, Nominal.
References in periodicals archive ?
Draghi said that the 'currencies' are not real currencies and are merely assets.
These virtual currencies are simply an expression of the loss of confidence in the real currencies as a result of the financial crisis and would offer no real security, but rather pose a threat to the global economy due to the lack of intervention, he warned.
Mohieldin warned of the emergence of new crises waiting for the opportunity to explode, due to financial bubbles and what is happening in the field of encrypted digital currencies, which cannot be considered real currencies, but ultimately a kind of financial asset, as pointed out by International Monetary Fund Managing Director Christine Lagarde.
The same accusation can be made against real currencies whose issuance has long ceased being tied to the gold stocks of the issuer, even though even gold has little more than a perceived value.
This ruling is also contradictory; it states that virtual currencies can be treated like real currencies in certain circumstances.
Secondly, look at virtual currency exchange platforms to prevent their abuse for money laundering and terrorist financing purposes, the Commission proposes to bring virtual currency exchange platforms under the scope of the Anti-Money Laundering Directive, so that these platforms have to apply customer due diligence controls when exchanging virtual for real currencies, ending the anonymity associated with such exchanges.
(76) Moreover, because the "definition of a money transmitter does not differentiate between [the transmission and acceptance of] real currencies and virtual currencies[,]" an owner of a Bitcoin ATM will likely be considered a "money transmitter" for purposes of FinCEN regulations.
Unlike most other virtual or real currencies, Bitcoin does not have a single issuer--a government or a company that owns an online game--and exists solely as a file on a user's computer.
Treasury Financial Crimes Enforcement Network (FinCEN) stated that any business that transfers virtual currencies, or that exchanges virtual currencies for real currencies, would be considered a money transmitter for registration and reporting purposes under the BSA.
at 3 ("The definition of a money transmitter does not differentiate between real currencies and convertible virtual currencies.").
DUBAI Counterfeiters are throwing up a huge challenge to authorities and money exchange houses by using increasingly sophisticated techniques to forge notes with most of the security features used in real currencies, forensic experts said.