reserve currency Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “reserve currency” in the English Dictionary

"reserve currency" in Business English

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reserve currencynoun [C or U]

uk   us   FINANCE
a particular ​currency that is ​held by many countries who use it to make ​payments to other countries: The ​dollar is ​effectively the ​reservecurrency of the ​world.
(Definition of reserve currency from the Cambridge Business English Dictionary © Cambridge University Press)
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