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Eurocurrency
[ yoor-oh-kur-uhn-see, ‑-°ì³Ü³ó°ù‑, yur‑ ]
noun
- funds deposited in the bank of a European country in the currency of another country.
eurocurrency
/ ˈÂáÊŠÉ™°ùəʊˌ°ìÊŒ°ùÉ™²Ô²õɪ /
noun
- sometimes capital
- the currency of any country held on deposit in Europe outside its home market: used as a source of short- or medium-term finance, esp in international trade, because of easy convertibility
- ( as modifier )
the eurocurrency market
˜yÐÄvlog History and Origins
Origin of Eurocurrency1
Example Sentences
He shorted, betting that the pound would not be able to hold its value against other currencies traded within the Exchange Rate Mechanism, which seeks to fix the value of European currencies in preparation for a common Eurocurrency.
I am very encouraged that part of Volcker's approach is an attempt to deal also with the problems posed by the Eurocurrency market.
The day of a truly unified Eurocurrency�or "Euro" as moneymen call it �is still far away.
Even if foreign-exchange dealings were to return to normal, international bankers face another major problem: stagnation in the "Eurocurrency" market.
The Gandhi government recently obtained $680 million in loans on the Eurocurrency market to build an alumina plant southwest of Calcutta.
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