Eurocurrency
noun
funds deposited in the bank of a European country in the currency of another country.
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Eurocurrency
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eurocurrency
eurocurrencynoun(sometimes capital)
Eurocurrency
American
[yoor-oh-kur-uhn-see, ‑-kuhr‑, yur‑]
/ ˈjʊər oʊˌkɜr ən si, ‑ˌkʌr‑, ˈjɜr‑ /
noun
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Eurocurrencies
plural
eurocurrency
British
/ ˈjʊərəʊˌkʌrənsɪ /
noun
Other Word Forms
Noun Inflected Forms
Etymology
Origin of Eurocurrency
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
See Examples For:
The non-Communist world may well evolve into two huge trading and currency areas, one based on Eurocurrency and the other based on the dollar.
From Time Magazine Archive
When the Fed tightens money to restrict loans in the U.S., banks often bring back the funds from the Eurocurrency market.
From Time Magazine Archive
I am very encouraged that part of Volcker's approach is an attempt to deal also with the problems posed by the Eurocurrency market.
From Time Magazine Archive
Eurocurrency began as an offspring of the cold war.
From Time Magazine Archive
OPEC'S leaders, ever fearful of placing too much money in any one country, prefer to keep their petrodollars in short-term Eurocurrency deposits free from the long arm of any government.
From Time Magazine Archive
On the other side, worried government bankers agree with Guido Carli, former chief of Italy's central bank, that Eurocurrencies have become ''the root of all evil in the international monetary system.''
From Time Magazine Archive
If they simply borrowed, say, dollars in New York or pounds in London, they would be forced to pay stiffer rates than for Eurocurrencies.
From Time Magazine Archive
British Novelist Margaret Drabble has described the Eurocurrencies as ''colorless, odorless, tasteless, unspendable money that passes in hieroglyphics through computers from one part of the globe to another.''
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
