Vehicle currency


 

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Vehicle currency

The currency used to invoice an international trade transaction, especially when it is not the national currency of either the importer or the exporter.



Similar Matches

Reserve currency

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.


Intervention currency

Intervention currency

A currency that is commonly used by central banks for exchange market intervention. See reserve currency.


Currency futures contract

Currency futures contract

Contract specifying a standard volume of a particular currency to be exchanged on a specific settlement date.


Currency option

Currency option

An option to buy or sell a foreign currency.


Artificial currency

Artificial currency

A currency substitute, e.g., special drawing rights (SDRs).


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