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Reserve currency - Definition and Overview |
| Related Words: Blurb, Cash, Celebrity, Coin, Coinage, Commonality, Cry, Daylight, Dollars, Dough, Exposure, Fame |
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A reserve currency is a currency which is held in significant quantities by other governments and institutions as part of their foreign exchange reserves.
The United States Dollar is the most important reserve currency in the world today, followed by the Euro, the Japanese Yen, the Pound Sterling and the Swiss Franc. For this reason, the US dollar is said to have "reserve currency status", making it possible to run significant trade deficits with limited economic impact (see Balance of trade).
See also
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Example Usage of currency |
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philipburley: Can someone lend me 80 dogs for a currency converter? |
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asualti: RT @cindifarmer: attention is currency.... |
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Myalina24: Blog Post: Making Profits With Foreign currency Banking http://bit.ly/1Jx1UV Read More... |
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