A strong currency widely used in international trade that a central bank is prepared to hold as part of its foreign exchange reserves.
储备货币
Example sentencesExamples
As this process goes on, the attractiveness of the Euro as a reserve currency and store of value will grow.
The advantage for the United States in being an international reserve currency is that allows it to more easily run a trade deficit, as other countries are happy to hold dollars to finance its trade gap.
The dollar itself became an international reserve currency, which central banks were prepared to accept as payment in external dealings rather than insisting on payment in their own national currencies.
This may change if the world's central bankers one day decide they have outgrown their preference for a single reserve currency.
During the 1920s, the British Pound was overvalued and was used by smaller countries as a reserve currency.