single currencyn.adj.
/ˌsɪŋɡl ˈkʌrənsi/, U.S. /ˌsɪŋɡ(ə)l ˈkərənsi/ A. n.
One monetary unit common to a number of nations, territories, etc., each of which also has, or formerly had, its own separate currency; spec. = single European currency n.
ΘΚΠ
society > trade and finance > money > medium of exchange or currency > [noun] > currency systems and policies
decimal currency1824
bimetallism1876
monometallism1878
free silver1889
polymetallism1890
silverism1895
symmetallism1895
trimetallism1897
managed currency1898
single currency1900
compensated dollar1912
commodity dollar1918
soft currency1940
1900 C. J. Bullock Ess. Monetary Hist. U.S. iii. i. 209 The bills issued by each New England province came to circulate freely in all the others... The result was that practically a single currency..circulated in New England until 1749.
1943 Amer. Polit. Sci. Rev. 37 1116 A picture, not of a federation of European states, but of a unitary international system..in which a single currency, free trade, unrestricted internal migration, and a common auxiliary tongue will obliterate national frontiers.
1970 N.Y. Times 27 Mar. 51/1 Although still ‘distant and nebulous’, the European Common Market's goal of a single currency can produce powerful competition to the dollar in world business.
1989 H. Lydall Yugoslavia in Crisis (BNC) 182 The system led to ‘the obstruction of foreign exchange flows between regions and banks [and] the reduction of the role of the dinar as a single currency and means of payment in a unified Yugoslav market’.
2002 Daily Tel. 3 Jan. 1/3 The Foreign Secretary..tried to lessen the impression that Britain was ready to sign up to the single currency.
B. adj. (attributive).
1. Of, belonging or relating to, or dealing in only one form of currency.
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society > trade and finance > money > medium of exchange or currency > [adjective] > types of currency system
bimetallic1876
monometallic1877
silver1879
monometallist1886
trimetallic1887
bimetallistic1889
symmetallic1895
off-gold1935
single currency1952
1952 Econometrica 20 521 Rationing may be represented as the replacement of a single-currency system with a multiple-currency system.
1968 Rev. Econ. & Statistics 50 188/1 The results of this analysis reinforce the single-currency result of section III.
1982 Internat. Organization 36 738 With trade usually concentrated with a single nation, a basket peg appears a poor alternative to either the unattainable float or the constricting single-currency peg.
1997 Independent 4 Feb. i. 13/1 If..the British economy is suffering by remaining outside a single currency bloc, then the chances are a Labour government will sign up to the euro.
2. spec. Designating a loan or mortgage made in a single currency that is not the recipient's national currency.
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society > trade and finance > financial dealings > moneylending > [adjective] > types of loan
self-liquidating1851
non-recourse1905
bridging1930
tied1958
underwater1975
sovereign1977
single currency1978
roll-up1983
self-certified1989
sub-sovereign1991
subprime1993
1978 National Westm. Bank Q. Rev. 20 The Bank usually lends in several currencies and repayments are due in the currencies disbursed. But more recently it has introduced single currency loans.
1989 Times (Nexis) 30 Dec. The presumed risk of an ECU mortgage is much smaller than a single currency mortgage.
1992 Which Mortgage? (BNC) Feb. 28 The single currency mortgage allows you to take out a loan in Sterling, which the lender converts into another currency.
2001 Times of India 14 June 11/3 The loan will be under standard terms applicable to variable spread single currency loan with a rate of interest based on LIBOR.
This is a new entry (OED Third Edition, December 2002; most recently modified version published online March 2022).
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n.adj.1900