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.
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The Gandhi government recently obtained $680 million in loans on the Eurocurrency market to build an alumina plant southwest of Calcutta.
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
Eurocurrency began as an offspring of the cold war.
From Time Magazine Archive
If Eurocurrency lending is regulated in London or Luxembourg, they say, it will only sail away to Singapore or Bahrain, where no controls are likely to be imposed.
From Time Magazine Archive
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
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
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