euromoney

Eurocurrency

[yoor-oh-kur-uhn-see, ‐kuhr‐, yur]
noun, plural Eurocurrencies.
funds deposited in the bank of a European country in the currency of another country.
Also called Euromoney [yoor-uh-muhn-ee, yur] .


Origin:
Euro- + currency

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World English Dictionary
eurocurrency (ˈjʊərəʊˌkʌrənsɪ)
 
n
(sometimes capital)
 a.  the currency of any country held on deposit in Europe outside its home market: used as a source of short- or medium-term finance, esp in international trade, because of easy convertibility
 b.  (as modifier): the eurocurrency market

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