| NOUN | an anchor currency | anchor currencies |
NOUN article.ind sg | pl
24 Übersetzungen
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Anwendungsbeispiele Englisch
- A reserve currency (or anchor currency) is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves.
- In October of the same year the anchor currency was changed to the US dollar at a rate of "15 won = 1 dollar".
- The United States dollar was recognized as the world's reserve currency, as the anchor currency of the system.
- A currency board combines three elements: an exchange rate that is fixed to another, “anchor currency”; automatic convertibility or the right to exchange domestic currency at this fixed rate whenever desired; and a long-term commitment to the system.
- Under a system of fixed exchange rates maintained by a currency board every unit of local currency must be backed by a unit of foreign currency (correcting for the exchange rate).
© dict.cc English-German dictionary 2024
Enthält Übersetzungen von der TU Chemnitz sowie aus Mr Honey's Business Dictionary (nur Englisch/Deutsch).
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