Eurocurrency

 

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Eurocurrency

See Eurodollar.

Eurocurrency

A currency which is deposited in banks outside its country of origin. For example the eurodollar, eurodeutschmark and eurosterling.



Similar Matches

Eurocurrency deposit

Eurocurrency deposit

A short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., US dollars deposited in a London bank).


Eurocurrency market

Eurocurrency market

The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender.




 
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