Definition of single currency in English:

single currency

Line breaks: sin¦gle cur|rency

noun

  • 1A currency used by all the members of an economic federation.
    More example sentences
    • Professor Robert Mundell, a Canadian economist famous for his work on single currencies, has long maintained that a currency union needs a high degree of political union to work successfully.
    • Colin also says ‘single currencies’ only work where there is ‘free movement of labour.’
    • How irrevocable is a single currency if members have sovereign parliaments and can leave?
  • 1.1 (also single European currency) The currency (the euro) which replaced the national currencies of twelve member states of the European Union in 2002.
    More example sentences
    • The third stage involved the irrevocable fixing of exchange rates and the replacement of national currencies by a single European currency.
    • We should only be part of the single currency if the economic conditions are met.
    • The vast majority of the British population instinctively opposes the single currency.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little