common currency

Definitions

Economics

  • A currency that is shared by more than one country. Thus the currency of a currency area.

Forex

  • (written as Common Currency)
    A shared currency that is used by different geographic or political groups. The Euro is a common currency of nations in the European Union, and the United States Dollar serves as a common currency for many regions of the world. The use of common currencies facilitates business and trade across national or societal boundaries.
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