Eurocurrency

[ yoo r-oh-kur-uh n-see, ‐kuhr‐, yur‐ ]
/ ˈyʊər oʊˌkɜr ən si, ‐ˌkʌr‐, ˈyɜr‐ /

noun, plural Eu·ro·cur·ren·cies.

funds deposited in the bank of a European country in the currency of another country.
Also called Eu·ro·mon·ey [yoor-uh-muhn-ee, yur‐] /ˈyur əˌmʌn i, ˈyɜr‐/.

Origin of Eurocurrency

Euro- + currency

British Dictionary definitions for eurocurrency

eurocurrency
/ (ˈjʊərəʊˌkʌrənsɪ) /

noun

(sometimes capital)
  1. the currency of any country held on deposit in Europe outside its home market: used as a source of short- or medium-term finance, esp in international trade, because of easy convertibility
  2. (as modifier)the eurocurrency market