Currency union


 

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Currency union

A group of countries that agree to peg their exchange rates and to coordinate their monetary policies so as to avoid the need for currency reallignments.



Similar Matches

Currency loan

Currency loan

A term used when money is borrowed in a foreign currency.


Asian Currency Units (ACU)

Asian Currency Units (ACU)

Dollar deposits held in Singapore or other Asian centers.


European Currency Unit (ECU)

European Currency Unit (ECU)

An index of foreign exchange consisting of European currencies, originally devised in 1979. See also: Euro.


European Currency Unit

European Currency Unit

A weighted average of European Community currencies with weighting tending to be proportional to a country's economy. The ecu has been superseded by the euro.


Currency speculation

Currency speculation

To buy or sell a currency in anticipation of its appreciation or depreciation respectively, the intent being to make a profit or avoid a loss. See speculation.


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