Offshore

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Revision as of 15:36, 3 May 2018 by imported>Doug Williamson (Lower case 'yen'.)
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1.

The siting of a currency asset in a location other than the country of which the currency is the domestic currency.

For example, a holding of Japanese yen in the United States (which would also be known as 'Euroyen').


2.

The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.


See also