What do mean by Euro-currency?

By  |  0 Comments

What do mean by Euro-currency?
A currency held in a European country other than its country of origin. Eurocurrency is a type of currency that deposited by national governments or corporations in banks outside their home market.
This applies to any currency and to banks in any country. Such as, Bangladesh won deposited at a bank in America, is considered Eurocurrency.
Other word, Eurocurrency is deposits in banks that are localized outside the borders of the country that issue the currency the deposit is denominated in. Such as, a deposit denominated in US dollar held in a Brazilian bank is a Eurocurrency deposit.

Read More  Management: Art or Science


Recommended For You


Learning By Day and Writer By Night

Leave a Reply

Your email address will not be published. Required fields are marked *