reserve currency


noun

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

Nearby words

  1. reserve air,
  2. reserve bank,
  3. reserve buoyancy,
  4. reserve capacity,
  5. reserve clause,
  6. reserve force,
  7. reserve officer,
  8. reserve officers training corps,
  9. reserve price,
  10. reserve tranche

Origin of reserve currency

First recorded in 1965–70

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


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