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noun bank notes, bills, cash, circulating medium, coin, government notes, hard cash, legal tender, medium of exchange, moneta, money, money in actual use, notes, paper money, ready money, specie
Associated concepts: lawful currency
See also: cash, disclosure, money, publication

CURRENCY. The money which passes, at a fixed value, from hand to hand; money which is authorized by law.
     2. By art. 1, s. 8, the Constitution of the United States authorizes congress "to coin money, and to regulate the value thereof." Changes in the currency ought not to be made but for the most urgent reason, as they unsettle commerce, both at home and abroad. Suppose Peter contracts to pay Paul one thousand dollars in six months-the dollar of a certain fineness of silver, weighing one hundred and twelve and a half grains-and afterwards, before the money becomes due, the value of the dollar is changed, and it weighs now but fifty-six and a quarter grains; will one thousand of the new dollars pay the old debt? Different opinion may be entertained, but it seems that such payment would be complete; because, 1. The creditor is bound to receive the public currency; and, 2. He is bound to receive it at its legal value. 6 Duverg. n. 174.

References in periodicals archive ?
Therefore, we expect the IMF Board of Directors will summon their meeting on March 11, and as soon as possible, following a positive decision, we will be able to obtain additional financial resources, capable to stabilize both the national currency and public finance", stressed the Head of Government.
Also, Iran's President Mahmoud Ahmadinejad announced last year that the plan to lop three zeros off Iran's national currency had been finalized.
If a country wants to reintroduce a national currency, it could simply use its existing euro notes and coins as legal tender until the new national money has been minted and printed.
contested Listed race at Nad Al Sheba last month, National Currency was put down on Thursday, leaving those associated with the horse devastated at the loss of an animal who was being primed to race in Britain this summer.
Unfortunately, gain from the same transaction may not be as forgiving of foreign individuals who evaluate the transaction in terms of their national currency.
About 40 per cent said they can already remember prices in euro and 67 per cent know itsexact value in their national currency.
The latest date, in any of the euro zone countries, for using the national currency is February 28, 2002.
Historical data may also be rendered obsolete, as national currency values will no longer be indicative of a customer's history.
Boggs is famous for drawing intricate but slightly skewed versions of the national currency, asking businesses to accept one of these bills in lieu of ordinary dollars, then asking for the correct change.
The Coinstar National Currency Poll: A Periodic Look at Americans and Their Money found that 43% of Americans would favor such a currency agreement between the United States, Mexico and Canada.
974/ 98 then provides that the euro shall also be divided into the national currency units according to the conversion rates.

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