currency unit

currency unit
amount of currency used as a basis for exchange

English contemporary dictionary. 2014.

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  • currency unit — noun : monetary unit …   Useful english dictionary

  • Currency Unit of monetary exchange —   The local currency of a country (legal Tender) is the authorised media of circulation and the basis for record keeping. See also Currency and currency market …   International financial encyclopaedia

  • Asian Currency Unit — The Asian Currency Unit (ACU) is a proposed weighted index of currencies for ASEAN+3. The ACU was inspired by the now defunct European Currency Unit, replaced by the Euro. The Asian Currency Unit s purpose is to help stabilize the region s… …   Wikipedia

  • World Currency Unit — The World Currency Unit (WCU) is an indexed unit of account (unit of account) that stands for a unit of real global purchasing power. Proposed by Lok Sang Ho of Lingnan University, Hong Kong, it was first intended to be the basis for denominating …   Wikipedia

  • European Currency Unit — Infobox Currency iso code = XEU using countries = European Community and later the European Union pegged with = The ECU was a basket of currencies symbol = ₠ (rare), ECU or XEU plural = usually ECUs used coins = Gibraltar issued commemorative Ecu …   Wikipedia

  • Least valued currency unit — The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. Most commonly, the calculation is made against a major reserve currency such as the… …   Wikipedia

  • Highest valued currency unit — The highest valued currency unit is the currency in which a single unit buys the highest number of any given other currency or the largest amount of a given good. Most commonly the calculation is made against a major reserve currency such as the… …   Wikipedia

  • European Currency Unit — See euro, European Monetary System. Collins dictionary of law. W. J. Stewart. 2001. European Currency Unit …   Law dictionary

  • Asian Currency Unit - ACU — A proposed basket of Asian currencies, similar to the European Currency Unit, which was the precursor of the Euro. The Asian Development Bank is responsible for exploring the feasibility and construction of the basket. The main obstacles to the… …   Investment dictionary

  • European Currency Unit - ECU — The European Currency Unit (ECU) was the precursor to the Euro, the shared single currency of the European Union s member countries. While the Euro is the actual currency of the European Union, the ECU was artificial currency developed by the… …   Investment dictionary

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