currency

Definitions

Accounting

  • noun money in coins and notes which is used in a particular country
  • noun foreign currency, the currency of another country

Forex

  • A physical method of exchange in the form of paper bills, banknotes or coins produced and distributed by a government. Historically, a currency was issued as a form of tender that was redeemable by the government into another physical asset of value such as gold reserves. More recently, currency has been issued by fiat backed only by the government's creditworthiness.
  • synonymcirculation
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