currency
noun
, ˈkə-rən(t)-\
Definition of currency
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Synonyms for currency
Synonyms
bread [slang], bucks, cabbage [slang], cash, change, chips, coin, dough, gold, green, jack [slang], kale [slang], legal tender, lolly [British], long green [slang], loot, lucre, money, moola (or moolah) [slang], needful, pelf, scratch [slang], shekels (also sheqels), tender, wampum
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Examples of currency in a Sentence
Recent Examples on the Web
Under the weight of U.S. sanctions, the value of Iran's currency has plummeted by about 60 percent in the last year. — Fox News, "Iran still violating terms of 2015 nuclear deal, UN watchdog finds," 31 Aug. 2019 Those include foreign exchange transactions, banking payments or transfers, and the import or export of foreign currency and securities. — Rachel Layne, CBS News, "Can Trump force U.S. companies out of China?," 26 Aug. 2019 Local law enforcement works with the Secret Service to help identify and stop the spread of counterfeit currency, Rowe said. — Chevall Pryce, Houston Chronicle, "Secret Service agent gives tips to protect against counterfeits, ransomware," 22 Aug. 2019 The chemicals used to clean them have not been imported because of a lack of foreign currency. — The Economist, "Zimbabwe faces its worst economic crisis in a decade," 15 Aug. 2019 The price of the digital currency has fluctuated between $10,000 and $12,000 in recent weeks. — Jeff John Roberts, Fortune, "Exclusive: Coinbase Buys Xapo Custody for $55 Million, Eyes Lending Business," 15 Aug. 2019 Always check the amount of currency against the receipt, in case the employee swiped a few bills. — Andrea Sachs, Twin Cities, "10 common travel scams — and how to avoid them," 10 Aug. 2019 That may be an exaggeration, but less so with the advent of a Facebook currency. — Alexis Papazoglou, The New Republic, "Facebook Is a New Form of Power," 22 July 2019 There was pushback from some Indians on the microblogging site, who said Draper was acting in self-interest and supported the Indian government’s views owing to the volatile nature of the currency. — Ananya Bhattacharya, Quartz India, "American billionaire calls Modi government “pathetic and corrupt” over its bitcoin stance," 18 July 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'currency.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for currency
currency
nounFinancial Definition of currency
What It Is
Currency is a medium of exchange for goods or services within an economy.
How It Works
Currency can be either fiat or tied to an underlying asset. Fiat money has no intrinsic value and is backed by the full faith and credit of the issuing government. That is, this type of currency is not worth very much in terms of its value as a raw material. Most paper money is fiat money, and its value comes from what it represents rather than what it is. Asset-backed currencies tied to gold, silver or other valuable commodities are rare in present day markets.
Why It Matters
Currency serves an important role in an economy, and has three universally accepted economic advantages: it acts as a medium of exchange, a store of value, and a standard of value. Meaning it allows buyers and sellers to quickly arrive at comparative prices instead of
haggling over how many of one good is worth compared to an unlimited number of others.
It is important to remember, though, that fiat money is only as good as the organization that issues it. If the entity defaults, the currency is worthless.
Source: Investing Answers
currency
noun
English Language Learners Definition of currency
See the full definition for currency in the English Language Learners Dictionary
currency
noun
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