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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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
However, now that the Fed is considering the drawdown phase of its bond buyback program, or quantitative easing, the emerging market currency slowdown appears imminent.
Al-Hag Abdel Samea, one of the most famous black market currency vendors operating in Attaba, said black market vendors are the "biggest benefactors of Egypt's foreign currency crisis"
February 24, 2013 (KHARTOUM) --Sudanese authorities on Sunday detained more than ten alleged black market currency traders in a fresh bid to halt the nosedive of the country's pound against the United States dollar and other major currencies.
Legal open market currency dealers generally report they have no dollars to sell, though other currencies are available.