Eurodollar

See also: eurodollar

English

Alternative forms

Etymology

Euro- +‎ dollar, perhaps from one of the initial telex addresses.[1]

Noun

Eurodollar (plural Eurodollars)

  1. (economics) A deposit, in US dollars, held in a bank outside of the United States (no longer necessarily in Europe)
    Coordinate terms: Asiadollar, reserve currency
  2. (obsolete, informal) Synonym of euro (“€”) (nickname used for the unified European currency prior to its introduction and naming; in conversation, media, and fiction)

Translations

See also

References
  1. Oliver Bullough (2018) Moneyland, →ISBN: “These stateless dollars–they became known as ‘eurodollars’, perhaps because of the ‘Euro’ telex address used by one of the Soviet-owned banks–could flow between countries unhindered, just like in the old days.”

Further reading
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.