How to use currency in a sentence

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Sentence Examples The currency was allowed to find its own level and deflation, not inflation, was identified as the major enemy. Here's where old ideas, like the wonder of a common currency, have struggled to cope with a multiplicity of new and very different economies. From July 1 every 10,000 of the old lei will be exchanged for one new leu, knocking four noughts off the currency. Even the announcements of the currency repatriations can trigger short covering rallies. Currently the exchange rate policy of China's currency, the renminbi, fluctuates only slightly. United States coins and currency are legal tender for all debts, public charges, taxes, and dues. The Polish zloty is the world's best-performing currency this year, gaining 16 percent against the euro and 25 percent against the dollar. Inflation made the official currency worthless, so people resorted to barter. The dong was the currency of the Republic of Vietnam from 1953 to 2 May 1978. It was subdivided into 100 xu, also written su. This reinforcement of capital controls probably played a key role in averting a run on China's domestic currency, the renminbi. In trading on currency markets Thursday, the rand was trading at 7.5 rands per American dollar. This month the local currency, the kina, fell to a two-year low of 29 US cents. One main aim of this plan was to halt the rampant inflation of the Nicaraguan currency, the cordoba. On the other hand, to debate the appropriateness of a single currency union at this juncture may engender unintended results. The smell of fresh breads, wet ink, melting glass, new silks and a lot of currency drifted about from the many open stalls. Children who were allowed fun food were the cool kids at school and their lunchboxes were always higher currency for swaps. In the north west currency devaluation has led to a huge jump in the price of imported rice. Goals are vital and strikers like her are the premium currency, with all eyes focused on them after a successful foray. Indeed, one of the prices of a victory won in the face of French and German recalcitrance has been a slide in UK support for the single currency. As this process goes on, the attractiveness of the Euro as a reserve currency and store of value will grow. Show More Sentences Today, the currency and export policy of China is anchored around its peg to the dollar. The currency of Mauritania is ougiya, which is is divided into 5 khoums, but these are not in use. After the 1997-98 crisis, Mahathir thumbed his nose at the world and went his own way by imposing currency controls. These points serve as currency for requisitioning units and calling for fire support. Consider as an example the watermarking of currency, so that scanners and photocopy machines will recognize a bill and refuse to scan it. And third-party agrarians, particularly sensitive to farm debt, chose currency inflation over the gold standard. A falling dollar makes US assets less attractive to foreigners because repatriated profits are worth less when changed to the home currency. The Guatemalan unit of currency, the quetzal, is named for the Guatemalan national bird. In the past few weeks, the value of the Burmese currency has halved to around 800 kyat to the dollar. Dump the currency restrictions and let capital flow in and out of this country like water. Citizens of all EU countries have been exchanging dollars for euros, as acceptability of the currency has plunged. The national currency of the Republic of Ukraine is the Hryvnia consisting of 100 kopiyka. In fact, we are now in the realm of complex payment, where payment is in a foreign currency and there is a string of banks. Plenty of people seem to be reading a lot into the Swedish rejection of the single currency. The Croatian currency is the kuna, apparently named after a small furry animal like a stoat or weasel, the pelts of which used to be traded. It was cryptic, but currency markets traders knew exactly what the G7, or more precisely, Mr Snow, was driving at. Iraq's currency has lost so much of its value that it takes enormous wads of it to buy anything of value. Under the regime of fiat currency these ratchets are irresistible as they are powered and amplified by speculation. On September 28 Denmark votes on whether to abolish its currency, the krone, in favour of the euro currently used by 12 European countries. People can pay in their own currency, euro, sterling, US, Australian or Canadian dollars, Swedish kroner, yen, rand or Swiss francs. Show More Sentences What is your comment on a proposal to have Hong Kong adopt the Chinese renminbi as its official currency? One Princeton educated chap was quite shocked to hear that we had our own currency and that we didn't use the almighty Green Back! Even the laggard economies of Germany and Italy are beginning to look a lot better as they're helped by the weak currency. Some countries require you to change a stipulated sum of money into local currency each day, but this money cannot be reconverted when you leave. The South African currency lost more than a rand against the US dollar on Thursday alone. Also, a firmer currency would make it cheaper for the country to amass oil reserves and other commodities. They basically laid out a strategy which counts on currency manipulation to accumulate lots of hard currency. These might seem sufficient reason alone for joining the single currency. Compared to Liberty, Bitcoin is an even more decentralized type of digital currency known as a cryptocurrency. Both are harmful, but the debt route is a less visible way to debase the currency. The Stability Pact was to have kept the currency health, but it became inconvenient for France, which ratted, followed by Germany, France, Italy, Holland, and Greece. The basic unit of currency, the ouguiya, is comprised of five khoums. In 1960 a new decimalized currency of rands and cents replaced sterling. The value of the afghani, the country's currency, is rising. That statement, simply put, means Beijing might actually try to depreciate its currency. Iraqi banks are seconded to commit fraudulent transactions and sell currency at inflated prices. With generic brand cigarettes sold in commissary for about a dollar each, packs were an effective unit of currency. Reeves was visibly perturbed when he saw the amount of British currency that McNally had recovered in Austria. They form a daily currency by which we settle relationships, but they also create doubt. The currency is the kuna, of which there are about ten to a British pound. Show More Sentences A rise in the yen against the dollar reduces the value of exporters' profits when repatriated into Japanese currency, which contributes to deflation. They propose that we pressure China to improve its human-rights policy, or to get tougher on Iran, or to devalue its currency. He is also asking the Treasury to cancel the currency fluctuation bands and to lift the restrictions on the issue of short-term debt certificates. At currency auctions, it traded at around 64.45 rubles to the dollar and 78.8 to the euro. The uniformity of administrative structures was reflected, later, in the imposition of a national, decimal system of weights, measures, and currency. And even those who consider themselves great patriots prefer to keep their savings in foreign currency. An under-valued Chinese currency bars American products and services as effectually as a tariff barrier. But to protect these good and innocent people, it is necessary for the government to act amorally in a world where power politics is the only currency. Greater productivity would put pressure on the yuan, or renminbi to rise, but more trade liberalization and capital liberalization could put pressure on the currency. Those 10 stocks are part of a list prepared by a quantitative analyst with CIBC World Markets, determined on the basis of currency sensitivity and stock returns. Then the gift card is shopped online in a gray market to collect cold currency. They say the currency devalues a few points just in the time it takes to smoke a cigarette. Wartime shortages, coupled with imperfections, limited the production of British currency. Today's middle class is suffering as a result of the deterioration of the U.S. currency and things are only going to get worse. The new kwanza, the national currency, is subject to high inflation rates. And most particularly, can you name a price in dollars or yen or any other currency that you think the euro is actually going to go to before it rebounds? The centre later checks the currency for wear and dirt, disposing of some and recirculating the remainder back to financial institutions, King said. The official currency is the rouble divided into 100 kopecks. Also established were counterpart funds, which used Marshall Plan aid to establish funds in the local currency. Switzerland and Liechtenstein participate in a customs union since 1924, and both employ the Swiss franc as national currency. Show More Sentences The president also chairs informal summits of the 19 Member States which use the euro as their currency. Anguilla's currency is the East Caribbean dollar, though the US dollar is also widely accepted. In 1970 the country switched its currency from the Bermudian pound to the Bermudian dollar, which is pegged at par with the US dollar. However, after that date they were issued in denominations of British Pounds, the official currency of the territory. The local currency is the Falkland Islands pound, which is pegged to the British pound sterling. The currency of Gibraltar is the Gibraltar pound, issued by the Government of Gibraltar under the terms of the 1934 Currency Notes Act. In a currency board arrangement, these notes are issued against reserves of sterling. Saint Helena used sterling currency as in the United Kingdom until 1976 when it began to issue its own banknotes at par with sterling. There is no central bank, with the currency pegged to pound sterling which is controlled by the Bank of England in London. The pound sterling is the official currency of the islands, and the same notes and coins are used as in the United Kingdom. For more information on British currency in the wider region, see Pound sterling in the South Atlantic and the Antarctic. Close economic ties exist with Brunei, and the two share a pegged currency value. Croatian symbols and currency were introduced, and Croatian curricula and the Croatian language were introduced in schools. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. In the foreign exchange market, a currency pair is the quotation of the relative value of a currency unit against the unit of another currency. There is a market convention that determines which is the fixed currency and which is the variable currency. Quotation using a country's home currency as the price currency and is used in most countries. Conversely, if the foreign currency is strengthening and the home currency is depreciating, the exchange rate number increases. Each country determines the exchange rate regime that will apply to its currency. A currency will tend to become more valuable whenever demand for it is greater than the available supply. Show More Sentences Increased demand for a currency can be due to either an increased transaction demand for money or an increased speculative demand for money. In general, the higher a country's interest rates, the greater will be the demand for that currency. Economic variables such as economic growth, inflation and productivity are no longer the only drivers of currency movements. Some policy rules can be imposed by external bodies, for instance the Exchange Rate Mechanism for currency. By the end of the 20th century, the United States dollar was considered the world's most dominant reserve currency, followed by the Euro. By the 1860s, most industrialised countries had followed the lead of the United Kingdom and put their currency on to the gold standard. Economists debate whether a single reserve currency will always dominate the global economy. The top reserve currency is generally selected by the banking community for the strength and stability of the economy in which it is used. This can take a relatively long time, as recognition is important in determining a reserve currency. In 1944, when the US dollar was chosen as the world reference currency at Bretton Woods, it was only the second currency in global reserves. The United States dollar is the most widely held currency in the Allocated Reserves today. The euro is currently the second most commonly held reserve currency, comprising about a quarter of allocated holdings. The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. The Canadian dollar, since 2013, is ranked 5th among foreign currency reserves in the world. This makes Chinese yuan the fifth reserve currency after US dollar, Euro, British pound sterling and Japanese yen. A central government with its own currency can pay for its spending by creating money ex novo. Sovereigns issuing debt denominated in a foreign currency may furthermore be unable to obtain that foreign currency to service debt. Public debt is the total of all borrowing of a government, minus repayments denominated in a country's home currency. Even though the currency is the same in each case, the yield required by the market is higher for some countries' debt than for others. This disregards the risk to foreign purchasers of depreciation in the dollar relative to the lender's currency. Show More Sentences Usually small states with volatile economies have most of their national debt in foreign currency. For countries in the Eurozone, the euro is the local currency, although no single state can trigger inflation by creating more currency. Song Dynasty China introduced the practice of printing paper money in order to create fiat currency. At that time, the term inflation referred to the devaluation of the currency, and not to a rise in the price of goods. The adoption of fiat currency by many countries, from the 18th century onwards, made much larger variations in the supply of money possible. An increase in the general level of prices implies a decrease in the purchasing power of the currency. There can also be negative impacts to trade from an increased instability in currency exchange prices caused by unpredictable inflation. However, as the value of the reference currency rises and falls, so does the currency pegged to it. The standard specifies how the gold backing would be implemented, including the amount of specie per currency unit. The currency itself has no innate value, but is accepted by traders because it can be redeemed for the equivalent specie. Welfare must contribute positively to the economy otherwise there is a risk of damaging currency values. Damage to currency values will damage trading positions and investment which will, in turn, hurt the economy overall. The receiver could convert the Liberty Reserve currency back into cash for a small fee. The EU established a parliament, court and central bank and introduced the euro as a unified currency. The notes are no longer produced and usually not used as currency anymore, although they are still legal tender. The ID Card is mandatory for dealing with government institutions, banks or currency exchange shops. Notably, some definitions define any 'undeclared' trafficking of currency and precious metal as smuggling. A major player in the commerce between the Roman Empire and Ancient India, Aksum's rulers facilitated trade by minting their own currency. Paper currency notes were of such low value that several bundles were needed to pay for simple restaurant meals. A thriving black market existed in the centre of the city as banks experienced shortages of local currency for exchange. Show More Sentences Harsh exchange control regulations were introduced to prevent export of foreign currency. Owing to a lack of confidence in the local currency, the US dollar is widely accepted as a medium of exchange alongside the Somali shilling. In historic times, the introduction of currency as a standardized money, facilitated a wider exchange of goods and services. The OECD Economic Survey of Iceland 2008 had highlighted Iceland's challenges in currency and macroeconomic policy. Liechtenstein participates in a customs union with Switzerland and employs the Swiss franc as the national currency. Some Scottish nobility petitioned Westminster to wipe out the Scottish national debt and stabilise the currency. In Finland squirrel pelts were used as currency in ancient times, before the introduction of coinage. A similar announcement was made by Balbir Singh Sandhu, in Amritsar, who released stamps and currency of Khalistan. However, the laws discuss slaves, both male and female, and the term for a female slave, Cumhall, became a broader currency term. Counterfeiting, the forgery of banknotes, is an inherent challenge in issuing currency. These became banknotes when the manager of the Bank decoupled the rate of note issue from the bank currency reserves. Generally, a central bank or treasury is solely responsible within a state or currency union for the issue of banknotes. However, this is not always the case, and historically the paper currency of countries was often handled entirely by private banks. Banknotes may also be overprinted to reflect political changes that occur faster than new currency can be printed. Some governments, such as Canada, are considering replacing paper notes and coins with digital currency. In the early 1990s, it became more common for rare notes to be sold at various coin and currency shows via auction. In a monetary system known as the gold standard, a certain weight of gold was given the name of a unit of currency. Copper is used in roofing, currency, and for photographic technology known as the daguerreotype. Various civilizations of the Fertile Crescent used lead as a writing material, as currency, and for construction. Offa's currency was used across the West Saxon kingdom, and Beorhtric had his own coins minted only after Offa's death. Show More Sentences Then in 2016, the mint announced plans for a digital gold currency that uses blockchain to trade and invest in gold. From the time of Charlemagne until the 12th century, the silver currency of England was made from the highest purity silver available. Coins from the British dependencies and territories that use the pound as their currency are sometimes found in change in other jurisdictions. The Isle of Man is a unique case among the Crown Dependencies, issuing its own currency, the Manx pound. The other British overseas territories do not use the pound as their official currency. Spain introduced its decimal currency unit, the peseta, in 1868, replacing all previous currencies. Australia, New Zealand and Rhodesia also chose ten shillings as the base unit of their new currency. When exports are the only game in town, currency gyrations can be a killer. In a 2003 referendum the Swedish electorate voted against the country joining the Euro currency. Hatchet shaped copper currency was produced by the Peruvian people, in order to obtain valuables from pre Columbian Ecuador. After the rule of king Charles the Simple, local dukes began issuing their own currency. In 1999, the euro, the single European currency, was introduced in Flanders. Volatility in fixed-income and currency markets led to temporary burdens from conservatively calculated remeasurements. Still, some governments strive to keep their currency within a narrow range. Economists warn that the crisis could destabilize the nation's currency. He takes greatness of kingdoms according to bulk and currency, and not after their intrinsic value. Spreads on bond yields in a common currency today comove across emerging markets to a much higher degree than they did in the past. Spangler went through his pockets, coming out with a handful of small coins, one piece of currency and a hard-boiled egg. If England signs into the European single currency before 2020, I'll eat my hat. Despite our cultural distaste for entomophagy, in recent years the idea that we should eat bugs has been gaining currency. Show More Sentences Indeed, currency would be more effective for not being gold and silver but fiduciary paper money. On both sides they will confuse you by explaining that the Dutch gilder is the currency they prefer. You heard of gold farming? Selling multiplayer online game currency for real cash? In countries that accepted the gold standard, currency could be exchanged at a bank for a fixed weight of gold. The Bank of England is the UK's central bank and is responsible for issuing notes and coins in the nation's currency, the pound sterling. A monetary union was established in 1999 and came into full force in 2002, and is composed of 19 EU member states which use the euro currency. The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. In 1999 the currency union started, first as an accounting currency with eleven member states joining. It was also a full economic union, replacing the Scottish systems of currency, taxation and laws regulating trade. In order to maintain his enlarged military he debased the Roman currency drastically. Danish currency is also legal tender and Denmark is responsible for the military defense. Germany feared that the fiscal indiscipline of countries like Italy and Greece could make the new euro currency unstable. A new coin, called the Awbridge silver penny, was issued in 1153 in an attempt to stabilise the English currency after the war. And the effect of such notes, as inflaters of the currency, would be less than the effect of greenbacks. Mary drafted plans for currency reform but they were not implemented until after her death. The Habsburgs had been debasing their currency to pay for the war and prices exploded, just as they had in previous years in Austria. The issue of the directive from the treasury prompted the central bank's most recent issue of currency. The inflation was finally ended by Napoleon in 1803 with the franc as the new currency. Such a European association would share the same principles of government, system of measurement, currency and Civil Code. One concrete economic policy of recent years has been opposition to the European single currency. Show More Sentences The pound sterling, the currency of the United Kingdom, is globally the fourth most traded currency and the third most held reserve currency. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception. It copied the denarius of the new currency system of Charlemagne's Frankish Empire. This became the standard until the 20th century and is today known as sterling silver, named after its association with the currency. The English currency was almost exclusively silver until 1344 when the gold noble was successfully introduced into circulation. In the summer of 1966, with the value of the pound falling in the currency markets, exchange controls were tightened by the Wilson government. As a member of the European Union, the United Kingdom could have adopted the euro as its currency. Sterling is used as a reserve currency around the world and is currently ranked 3rd in value held as reserves. Also, if a currency is revalued, the currency code's last letter is changed to distinguish it from the old currency. The ISO standard does not regulate either the spacing, prefixing or suffixing in usage of currency codes. Note that, as illustrated, the order is determined not by the currency, but by the native language of the document context. The following is a list of active codes of official ISO 4217 currency names. A number of currencies were official ISO 4217 currency codes and currency names until their replacement by the euro or other currencies. Until relatively recently there was debate over whether or not the UK should abolish its currency Pound Sterling and join the Euro. Conversely, category 2 products tend to trade close to the currency exchange rate. If the prices of nontradables rise, the purchasing power of any given currency will fall in that country. Pounds are official currency of the United Kingdom, but pence are often used when trading stocks. Stable prices and confidence in the currency are the two main criteria for monetary stability. A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. A central bank may use another country's currency either directly in a currency union, or indirectly on a currency board. Show More Sentences This income, derived from the power to issue currency, is referred to as seigniorage, and usually belongs to the national government. Inflation is defined either as the devaluation of a currency or equivalently the rise of prices relative to a currency. The currency component of the money supply is far smaller than the deposit component. From 1972 until introduction of the Euro in 2008, the currency was the Maltese lira, which had replaced the Maltese pound. An indigenous currency of silver punched marked coins dating between 600 BCE and 400 BCE has been found at the site. These include more than 12,000 Roman currency coins which is the largest collective votive deposit known from Britain. Despite his efforts, Baroque was never truly to the English taste and well before his death in 1724 the style had lost currency in Britain. The European economy was dependent on gold and silver currency, but low domestic supplies had plunged much of Europe into a recession. He believes that silver and gold, as opposed to paper money, are the appropriate currency for international transactions. In the 1930s, Thomas Wright recounted that Ternan had unburdened herself with a Canon Benham, and gave currency to rumours they had been lovers. In English the term acquired currency only in the 1940s, in the writings of Bukofzer and Paul Henry Lang. As the world's 8th largest trading entity, its legal tender, the Hong Kong dollar, is the world's 13th most traded currency. Ireland adopted the euro currency in 2002 along with eleven other EU member states. The symbol appears in the island's official flag and official coat of arms, as well as its currency. They are not legal tender within the UK but are legal currency backed by deposits at the Bank of England. Governments often borrow money in a currency in which the demand for debt securities is strong. Another major economic issue was the currency that would be used by an independent Scotland. In June 2012, Alistair Darling said voters in the rest of the UK could choose not to be in a currency union with Scotland. Former Prime Minister Sir John Major rejected the idea of a currency union, saying it would require the UK to underwrite Scottish debt. If Scotland joined a currency union with the UK, some fiscal policy constraints could be imposed on the Scottish state. Show More Sentences Salmond said in February 2014 that an independent Scotland in a currency union would retain tax and spending powers. The Scottish Socialist Party favoured an independent Scottish currency, pegged to sterling in the short term. Other proponents of an independent Scottish currency included Yes Scotland chairman Dennis Canavan and former SNP deputy leader Jim Sillars. The main currency of Jersey is the pound, although in many places the euro is accepted because of the location of the island. Suppose also that inflation had halved the value of its currency over that period. These results can vary greatly from one year to another based on fluctuations in the exchange rates of each country's currency. Spanish pieces of eight minted in Mexico or Seville were the standard trade currency in the American colonies. The Congress was ineffective, the Continental currency worthless, and the supply system was fundamentally broken. For example, both postage stamps and currency were issued for the empire as a whole. The currency reform in 1948 was headed by the military government and helped Germany to restore stability by encouraging production. Tulip bulbs became so expensive that they were treated as a form of currency, or rather, as futures. As a member of the Commonwealth, Lithuania retained its institutions, including a separate army, currency, and statutory laws. The Bank of Canada is the sole authority authorized to issue currency in the form of Canadian bank notes. On 6 December 2008 SICA announced an agreement to pursue a common currency and common passport for the member nations. Furs might have served as a currency and may have been traded to some degree, but this is speculation. Their shells have also been used as a form of currency in some preindustrial societies. The most notable exception to the currency union, or eurozone, was the United Kingdom, which also did not sign the Schengen Agreement. After the war, inflation began to devalue the Krone, which was still Austria's currency. The purpose of the loan was to avert bankruptcy, stabilise the currency, and improve Austria's general economic condition. In 1993, the government introduced a new national currency, the Moldovan leu, to replace the temporary cupon. Show More Sentences This was publicized on the Roman currency issued in 16 BC, after he donated vast amounts of money to the aerarium Saturni, the public treasury. His economic program, which was rigorously efficient, maintained the Roman currency at a standard it would never again achieve. After Alexander's death his economic policies were completely discarded, and the Roman currency was devalued. Iceland had prospered during the course of the war, amassing considerable currency reserves in foreign banks. It was considered essential to keep unemployment down and to protect the export fishing industry through currency manipulation and other means. In the 1970s and 1980s, the Soviet Union heavily relied on fossil fuel exports to earn hard currency. The shilling is a unit of currency formerly used in the United Kingdom, Australia, United States, and other British Commonwealth countries. The solidus symbol is still used for the shilling currency unit in former British East Africa, rather than sh. In 1967, New Zealand's currency was decimalised and the shilling was replaced by a ten cent coin of the same size and weight. On the decimalisation of the currency in 1869, a shilling was deemed to be equivalent to 50 Ceylon cents. After the United States adopted the dollar as its unit of currency and accepted the gold standard, one British shilling was worth 24 US cents. Also in 1990 there was an attempt to reform the currency at 100 to 1, with new banknotes of 20 and 50 new shilin prepared for the redenomination. Rival producers of the local currency, including autonomous regional entities such as the Somaliland territory, subsequently emerged. The currency is not recognised as legal tender by the international community, and it currently has no official exchange rate. In the 7th century they became a desirable circulating currency in Arabian countries. A system of single weights and measures was introduced and in 1850 the Swiss franc became the Swiss single currency. Due to the adoption of the euro, when Greece experienced financial crisis, it could no longer devalue its currency to regain competitiveness. The Panamanian currency is called the Balboa, and his likeness appears on the obverse of most Panamanian coins. To guard against devaluation, the currency was convertible with silver and gold, and the government accepted tax payments in paper currency. In 1287, Kublai's minister Sangha created a new currency, Zhiyuan Chao, to deal with a budget shortfall. Show More Sentences These costly invasions and conquests and the introduction of paper currency caused inflation. The degree of proverbiality, or currency in oral tradition, attained by these exaggerations is difficult to assess. From 1273 to 1276, war against the Song Dynasty and Japan made the issue of paper currency expand from 110,000 ding to 1,420,000 ding. Persian Sassanid coins emerged as a means of currency, just as valuable as silk yarn and textiles. Antwerp had one of the first money exchanges in Europe, a Bourse, where people could change currency. Historically, most currency were in the form of bullion coins, silver and gold being the most common metals. Some bullion coins have been used as currency throughout the 20th century, like the Maria Theresa thaler and the Krugerrand. The idea that Richard Amerike was a 'principal supporter' of Cabot has gained popular currency in the 21st century. However, the pataca was not the official currency when it was first enacted. Due to the 1973 spike in oil prices, the economy of Iran was flooded with foreign currency, which caused inflation. The economy is heavily reliant upon remittances from overseas Filipinos, which surpass foreign direct investment as a source of foreign currency. President Miguel de la Madrid resorted to currency devaluations which in turn sparked inflation. These prizes, worth the equivalent of millions of pounds in today's currency, motivated many to search for a solution. The Yuan Dynasty was the first ancient economy, where paper currency, known at the time as Chao, was used as the predominant medium of exchange. Some evidence also exists to suggest that other animals, such as camels and goats, may have been used as currency in some parts of the world. One of the advantages of using cattle as currency is that it allows the seller to set a fixed price. Pepper was so valuable that it was often used as collateral or even currency. Philip took the title of King of Portugal, but otherwise the country remained autonomous, retaining its own laws, currency, and institutions. The Spanish had been debasing their currency to pay for the war and prices exploded in Spain just as they had in previous years in Austria. A few more extensive notes clarify Biblical names and units of measurement or currency. Find more words! 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What is the opposite of currency? Words that rhyme with currency What is the plural of currency? What is the adverb for currency? What is the adjective for currency? What is the noun for currency? Translations for currency Use our Sentence Generator Nearby Words currencies currawong currants currant curran curragh currency's current Current current-account current affairs current events 8-letter Words Starting With c cu cur curr curre curren currenc