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What does currency mean?

Looking for the meaning or definition of the word currency? Here's what it means.

Noun
  1. Money or other items used to facilitate transactions.
  2. (more specifically) Paper money.
  3. The state of being current; general acceptance or recognition.
  4. (obsolete) fluency; readiness of utterance
  5. (obsolete) Current value; general estimation; the rate at which anything is generally valued.
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Examples
Iraq's currency has lost so much of its value that it takes enormous wads of it to buy anything of value.
On the other hand, to debate the appropriateness of a single currency union at this juncture may engender unintended results.
In trading on currency markets Thursday, the rand was trading at 7.5 rands per American dollar.
It was cryptic, but currency markets traders knew exactly what the G7, or more precisely, Mr Snow, was driving at.
After the 1997-98 crisis, Mahathir thumbed his nose at the world and went his own way by imposing currency controls.
In the north west currency devaluation has led to a huge jump in the price of imported rice.

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