Reference Entry

trading currency

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
trading currency

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A currency used to invoice international trade transactions. While the currency of either the buyer or seller is frequently used, in some cases transactions are invoiced in the currency of a third country; this is common where neither party's own currency is widely used. The US dollar and the euro are often used as trading, or vehicle, currencies....

Reference Entry.  60 words. 

Subjects: Economics

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