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English definition of “fixed currency”

fixed currency

noun [C]     (plural fixed currencies)
ECONOMICS, MONEY a currency whose value in relation to another currency or other currencies is kept at the same level by a central bank , etc.: We'll do all we can to safeguard our fixed currency link to the euro .
→ See also pegged currency
(Definition of fixed currency noun from the Cambridge Business English Dictionary © Cambridge University Press)
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