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English definition of “dual currency”

dual currency

noun [C or U]
 
 
ECONOMICS, MONEY
a system in which two different currencies are used: All stores will have prices of goods in dual currencies for some time after the country changes to the Euro. Since the implementation of the dual currency system, the country has seen significant growth, mainly in the international corporate and banking sectors.
(Definition of dual currency from the Cambridge Business English Dictionary © Cambridge University Press)
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