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reserve currency

any currency, as the U.S. dollar, used as a medium to settle international debts.
Origin of reserve currency
1965-70 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for reserve currency
  • The dollar replaced gold as the world's chief reserve currency.
  • The dollar collapsed, and the yuan replaced it as a global reserve currency.
  • The value of the dollar is inflated because it is also used as a reserve currency and monetary base.
  • The need for monetary policy in the reserve currency nations to be more oriented towards global conditions must be accepted.
  • The outlook for the dollar's continued reserve currency status was also discussed.
  • We have the privilege of being the reserve currency of the world.
  • Once these conditions are in place, it will make sense to use the yuan as a reserve currency.
  • The call for a global reserve currency will be proven only rhetoric in the end.
  • Its days as the world's reserve currency are numbered.
  • The dollar has some room for depreciation without affected its status as the world's reserve currency.
British Dictionary definitions for reserve currency

reserve currency

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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