Xenocurrency

Business, Legal & Accounting Glossary

Definition: Xenocurrency


Xenocurrency


Full Definition of Xenocurrency


Xenocurrency refers to a currency that is traded or circulated in a country other than its native country, the country issuing the currency. The prefix “Xeno” actually means “foreign” or “strange,” so Xenocurrency literally means “foreign currency.” An example of Xenocurrency would be the Chinese Yuan when it is traded outside of China – perhaps in the United States. When Xenocurrency is deposited in a bank outside its domestic country, especially if it is deposited in a European country, then the Xenocurrency may be referred to as euro currency; this does not require that the Xenocurrency involve European countries. This form of Xenocurrency originally referred to non-European deposits held in European banks, but is now used in a more generic sense.


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March 29, 2024 https://payrollheaven.com/define/xenocurrency/.
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https://payrollheaven.com/define/xenocurrency/ (accessed: March 29, 2024).
American Psychological Association (APA):
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, from PayrollHeaven.com website: https://payrollheaven.com/define/xenocurrency/

Definition Sources


Definitions for Xenocurrency are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February, 2020 | 0 Views.