Eurocurrency: Difference between revisions
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imported>Doug Williamson m (Spacing and bullets) |
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A currency held 'offshore' as a deposit outside its domestic territory (the country which issued the currency). | A currency held 'offshore' as a deposit outside its domestic territory (the country which issued the currency). | ||
Neither the domestic territory of the currency, nor the location of the deposit, need be in Europe. | Neither the domestic territory of the currency, nor the location of the deposit, need be in Europe. | ||
The origin this term - which became established before the creation of the euro - was in 'Eurodollars'. Eurodollars were originally US dollars deposited - for example - in the UK. | The origin this term - which became established before the creation of the euro - was in 'Eurodollars'. Eurodollars were originally US dollars deposited - for example - in the UK. | ||
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* [[Euronote]] | * [[Euronote]] | ||
* [[International bond]] | * [[International bond]] | ||
Revision as of 21:00, 13 August 2013
A currency held 'offshore' as a deposit outside its domestic territory (the country which issued the currency). Neither the domestic territory of the currency, nor the location of the deposit, need be in Europe.
The origin this term - which became established before the creation of the euro - was in 'Eurodollars'. Eurodollars were originally US dollars deposited - for example - in the UK.
