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 top official with the central bank of Armenia has advised people to save in the national currency.
According to Arseniy Yatsenyuk, the Government is doing everything in power to settle the monetary situation, "We as the Government have few tools, how to influence the rate of the national currency, as it is an exceptional competence of the National Bank of the country, but we do everything we can to help.
The RBA''''s current monetary policy is suitable for the growth rate in the country in light of the rising national currency and unemployment, as well as the decline in the mining sector, the leading supporter of Australia''''s economy, said the bank in a statement released on Tuesday.
The National Bank of Kazakhstan devaluated its national currency from 155 to 185 tenge per one dollar on Feb.
Iran's Economy Minister Shamseddin Hosseini said the country "will remove three zeros from the national currency this year once the relevant prerequisites are met".
The Center said that the deterioration in the national currency will be reflected directly to the foodstuffs and services prices, and it will worsen the citizens' standard of living.
Moreover, the technical and practical hurdles for reintroducing a national currency are lower than generally presumed.
Since 2002, the national currency (the krone) increased 26 percent in value relative to the U.
NATIONAL CURRENCY, one of the world's most exciting horses and arguably the finest sprinter ever to come out of South Africa, has died just days after connections reported his apparent recovery from a foot problem.
However, for individuals whose national currency is not the U.
5) The article also analyzes some of the underlying factors that drive changes in relative hourly compensation costs, including compensation costs on a national currency basis, the component parts of compensation, and exchange rates.
WITH 12 member states of the European Union changing from their national currency to the Euro, I would like business interests in this country to issue receipts in both sterling and euro currencies.

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