artificial currency Finance Definition
A substitute for an actual currency that is used in
economic transactions. An example of an artificial currency is the special
drawing rights (SDR) that were created by the International Monetary Fund
(IMF). SDRs are used by the members of the IMF to pay their dues and transfer
funds between countries. The value of the SDR is computed using a grouping of
currencies and adjusts as the prices of the underlying currencies change.
Browse dictionary entries near artificial currency
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