| 单词 | investment currency |
| 释义 | > as lemmasinvestment currency investment currency n. (with reference to foreign exchange) a special currency for the buying and selling of foreign securities and property through a market separate from the ordinary foreign exchange market.An investment currency results when a government establishes controls on the exchange of foreign currency assets among its residents, as the United Kingdom did with the Exchange Control Act of 1947 (suspended in 1979 and repealed in 1987). ΚΠ 1954 N.Y. Times 16 Sept. 45/4 The sperrmark—investment currency of the Bonn Government—is to be liberated today. 1973 Country Life 12 July 120/3 It is necessary to buy what is known as investment currency, which is a pool of funds created by the sale of British investments abroad. 1999 Cato Jrnl. 18 340 The ‘investment currency’ will trade at a premium over the price of the relevant foreign currency on the official market for current account transactions. < as lemmas |
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