Eurocurrency - Euro just means outside your country. So a Eurodollar is a certificate of deposit in U.S. dollars in some other country (though mainly traded in London). A Euroyen is a CD in yen outside of Japan.
When a country"s official currency is out of its own formal control.
A currency which is deposited in banks outside its country of origin. For example the eurodollar, eurodeutschmark and eurosterling.
Eurocurrency : euro just means outside your country. so a eurodollar is a certificate of deposit in u.s. dollars in some other country (though mainly traded in london). a euroyen is a cd in yen outside of japan.
when a country"s official currency is out of its own formal control.
a currency which is deposited in banks outside its country of origin. for example the eurodollar, eurodeutschmark and eurosterling.
Eurocurrency