reserve currency

noun

any currency, as the U.S. dollar, used as a medium to settle international debts.

Origin of reserve currency

First recorded in 1965–70

Words nearby reserve currency

reserve air, reserve bank, reserve buoyancy, reserve capacity, reserve clause, reserve currency, reserve force, reserve officer, reserve officers training corps, reserve price, reserve tranche

British Dictionary definitions for reserve currency

reserve currency

noun

foreign currency that is acceptable as a medium of international payments and that is therefore held in reserve by many countries