currency

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Currency

Currency

Money generally accepted in circulation in a certain jurisdiction. That is, currency is any form of money that businesses in a certain jurisdiction will accept in exchange for goods and services. Usually, the domestic government sets its own currency and provides penalties to persons and businesses in its jurisdiction that do not accept it. However, some countries (especially those experiencing hyperinflation) accept other countries' currencies informally. Alternatively, a country may use the currency of another (as some countries have done with the U.S. dollar) or pool resources to make an international currency accepted in several countries (the euro being the most prominent example). See also: Foreign exchange.

currency

or

cash

the coins and bank notes which constitute the physical component of a country's MONEY SUPPLY, i.e. coins and notes have a physical identity, whereas the other assets comprising the money supply such as bank deposits, are book-keeping entries and have no tangible life of their own. See LEGAL TENDER, FOREIGN CURRENCY.

currency

the BANK NOTES and coins issued by the monetary authorities that form part of an economy's MONEY SUPPLY. The term currency’ is often used interchangeably with the term cash in economic analysis and monetary policy.
References in periodicals archive ?
A parent who is struggling can pay part in national currency and top up the balance using community currency," he explains.
If a country wants to reintroduce a national currency, it could simply use its existing euro notes and coins as legal tender until the new national money has been minted and printed.
Second to Silent Witness after an interrupted preparation in December's Hong Kong Sprint, National Currency created a massive impression when making all under Weichong Marwing to thump classy rivals by more than six and a half lengths in last month's Al Shindagha Sprint.
Unfortunately, gain from the same transaction may not be as forgiving of foreign individuals who evaluate the transaction in terms of their national currency.
Until the end of this year, you can only take the national currency of the euro zone country you are visiting.
Acts to be performed under legal instruments stipulating the use of or denominated in a national currency unit shall be performed in that national currency unit.
Up to 1992, the island's Nationalist Party (KMT) government, which fled from mainland China after a civil war in 1949, considered China's old silver currency as the national currency to underline its claim that it was the legitimate government of the mainland.
didn't have a national currency until the Civil War.
Coinstar's National Currency Poll Indicates Consumers Want Notable Scientists and Inventors
Azerbaijan's national currency has started to restore its accumulative function, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said.
Summary: To beef up their national currency funds, a number of Lebanese banks are offering up to 11 percent interest on Lebanese pound deposits, sources said Thursday.

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