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reserve currency

noun
  1. any currency, as the U.S. dollar, used as a medium to settle international debts.
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Origin of reserve currency

First recorded in 1965–70
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for reserve currency

reserve currency

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