reserve currency definition

reserve currency

One of the national currencies (dollar, euro, yen, etc.) or IMF's special drawing rights (SDR) used by a country to hold its foreign currency reserves and gold for settling international trade transactions and other obligations. Also called key currency.

reserve currency is in the Accounting & Auditing, Banking, Commerce & Finance, Currency Trading and Economics, Politics, & Society subjects.

reserve currency appears in the definitions of the following terms: foreign reserve and key currency

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