What is another word for reserve currency?

Pronunciation: [ɹɪsˈɜːv kˈʌɹənsi] (IPA)

A reserve currency is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. There are several synonyms for the term "reserve currency" including international currency, anchor currency, and global currency. The term "international currency" implies that the currency is widely accepted across international borders for trade and investment purposes. "Anchor currency" refers to a currency that is used as a reference point for other currencies, while "global currency" denotes a currency that is dominant across the world due to its stability and widespread usage. Regardless of the term used, a reserve currency is an important aspect of the global economy and is closely monitored by financial institutions.

What are the hypernyms for Reserve currency?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Reserve currency

  • I mean, I'm a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That's the case in Britain. We're not a reserve currency, so we need to get on and deal with this issue.
    David Cameron
  • Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.
    Robert C. Solomon
  • If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.
    Robert C. Solomon
  • So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.
    Robert C. Solomon
  • The dollar is currently the principal reserve currency in the world.
    Robert C. Solomon

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