currency union in English
agreement between countries to preserve related exchange rates
Use "currency union" in a sentence
1. In a currency union these transactions costs are eliminated.
2. In a currency union, individual economies cannot alter their exchange rates to account for changes in relative competitiveness.
3. That ambiguity was born of an unwillingness – or inability – to provide a clear description of how a multi-currency union will function in the long term.
4. 5 A separate showdown is also under way: a high-stakes slugfest pitting euro zone leaders and their competing visions of the currency union against each other.
5. 31st March 2021, Bridgetown, Barbados – On 31 March 2021, ‘DCash’, designed and developed by international fintech company Bitt in partnership with the Eastern Caribbean Central Bank (ECCB), became the world’s first retail central bank digital currency (CBDC) to be publicly issued within a formal currency union.