Definition of currency noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ˈkʌrənsi//
    ; NAmE NAmE//ˈkɜːrənsi//
    (pl. currencies) Cost and payment
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  1. 1[countable, uncountable] the system of money that a country uses trading in foreign currencies a single European currency You'll need some cash in local currency but you can also use your credit card. see also hard currency See related entries: Cost and payment
  2. 2[uncountable] the fact that something is used or accepted by a lot of people The term ‘post-industrial’ now has wide currency. The qualification has gained currency all over the world.
  3. Extra examples Argentina’s currency was pegged to the dollar. For four months all major currencies floated. How did the idea gain currency? Many emerging countries have their currencies pegged to the dollar. She had $500 in foreign currency. The country needs to raise enough hard currency to pay for its oil imports. The disappointing profits are due to unfavourable currency translations. The fund supports weak currencies. The system allows currencies to fluctuate within certain limits. They make money by speculating on the currency markets. They prefer to be paid in foreign currencies. This belief has general currency. US dollars are considered common currency in international transactions. You can convert sterling into the local currency. the single European currency
See the Oxford Advanced American Dictionary entry: currency

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