| 单词 | international money |
| 释义 | international money Money which can be used in settling international transactions. This may be a national currency, provided that it is acceptable to residents of other countries, which is nowadays likely only with a fully convertible currency. At one time sterling was widely used as an international money, and the US dollar is still widely acceptable. Alternatively it could be a special type of money issued by some supra-national authority. No such money at present exists for use in private transactions: transactions between central banks can take place in Special Drawing Rights (SDRs), which are the creation of the International Monetary Fund (IMF). If the common European currency is successful, it will constitute international money so far as members of the European Union (EU) are concerned, and may well come to be used as an international money by non-members as well. gold was at one time a form of international money, but has fallen out of use for domestic monetary purposes. |
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