reserve currency

noun

any currency, as the U.S. dollar, used as a medium to settle international debts.

Origin of reserve currency

First recorded in 1965–70

Words Nearby reserve currency

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use reserve currency in a sentence

I think very recent history has showed that those reserve currencies were not always available and as liquid as they were intended to be.
Christine Lagarde and Klaus Schwab Discuss How to Overcome the World's Greatest Challenges | TIME Staff | September 1, 2021 | Time
Meanwhile, the Central Bank of Kenya said this week that it will use bitcoin as a reserve currency amid the Kenyan Shilling volatility against the dollar.
Jack Dorsey and Jay Z invest 500 BTC to make Bitcoin ‘internet’s currency’ | Manish Singh | February 12, 2021 | TechCrunch
How much confidence they’ll still have in the world’s reserve currency is anybody’s guess.
The U.S. now has a debt level that rivals Italy’s | Shawn Tully | January 14, 2021 | Fortune
Who would take the weaker dollars China would unload onto this reserve currency?
Can Timmy Tackle China? | Leslie H. Gelb | May 31, 2009 | THE DAILY BEAST
But China will be happy as it wants SDRs to replace the U.S. dollar as a reserve currency.
The Day Obama Fell to Earth | Andrew Neil | April 3, 2009 | THE DAILY BEAST

British Dictionary definitions for reserve currency

reserve currency

noun

foreign currency that is acceptable as a medium of international payments and that is therefore held in reserve by many countries

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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