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reserve currency
noun
- any currency, as the U.S. dollar, used as a medium to settle international debts.
reserve currency
noun
- 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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Word History and Origins
Origin of reserve currency1
First recorded in 1965–70
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Example Sentences
Who would take the weaker dollars China would unload onto this reserve currency?
From The Daily Beast
But China will be happy as it wants SDRs to replace the U.S. dollar as a reserve currency.
From The Daily Beast
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