Reserve currency


 

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Reserve currency

A currency that is used as international reserves, often because it is an intervention currency. See also seigniorage.

Reserve currency

A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims.



Reserve currency

Similar Matches

Currency reserves

Currency reserves

This usually means international reserves.


Currency arbitrage

Currency arbitrage

Taking advantage of divergences in exchange rates in different money markets by buying a currency in one market and selling it in another market.


Optimal currency area

Optimal currency area

The optimal grouping of regions or countries within which exchange rates should be held fixed. First defined (as "optimum currency areas") by Mundell (1961).


Virtual currency option

Virtual currency option

A new option contract introduced by the PHLX in 1994 that is settled in US dollars rather than in the underlying currency. These options are also called 3-Ds (dollar-denominated delivery).


Common currency

Common currency

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


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