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 government official from the finance ministry said the decision to slash four zeros from the national currency had been in the pipeline for quite some time.
The emergency order also prohibits counterfeiting of national and foreign currencies, possession, conversion or storage of counterfeit currency or any counterfeiting tools, or incitement by any means to falsify the national currency or not to deposit it with banks.
Turkey's national currency has lost almost 20 percent of its value since Friday, when US President Donald Trump authorized a 20 and 50 percent tariff hike on imported Turkish aluminum and steel, respectively.
The toman, worth 10 rials, has not been the real national currency for almost a century, but it is the term the general public most commonly uses when discussing prices.
Unlike the national currency, issued and backed by the central bank, community currencies are backed by the goods and services of the issuing business network, making them decentralised and interest-free.
ASTANA (CyHAN)- Exchange rate of Kazakh national currency -- the tenge -- fell to 355.52 tenges per US dollar from 340.01 tenges per US dollar as of Jan.1, 2016 during the morning trading session at the Kazakhstan Stock Exchange (KASE), said the KASE on its website Jan.11.
Meanwhile, deposits in national currency increased by 2.4% making 29.8 billion som ($501.8 million).
exchange assets was 72% of total or 1,047 trillion drams ($2.6 bln), the national currency assets made up 28% of total or 411.7 bln drams
THE country's central bank has announced a $60bn plan to prop up the value of the national currency as the Brazilian real nears a five-year low against the US dollar.
TEHRAN -- Iran plans to slash four zeros from its national currency in ""one to two years"", seeking parity between its rial and the U.S.
citizens, Panama, for instance, is entirely dollarized and Ecuador replaced its national currency with the dollar in 2000.
The Estonian authorities rule out a transitional period when the Euro and national currency would be in circulation at the same time.

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