Currency Union definition

Currency Union refers collectively to the member countries of Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, Saint Xxxxxxxxxxx and Nevis, Saint Lucia and Saint Xxxxxxx and the Grenadines which use the Eastern Caribbean currency as their official currency;
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Currency Union means the Eastern Caribbean Currency Union and refers collectively to the territories of Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher and Nevis, Saint Lucia and Saint Vincent and the Grenadines which use the Eastern Caribbean currency as the official currency;
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Currency Union means essentially that money was interchangeable between the two countries at a 1:1 par for an extended period of time, so that there was no need to convert prices. The basic source for currency union data is the IMF’s Schedule of Par Values and issues of the IMF’s Annual Report on Exchange Rate Arrangements and Exchange Restrictions. I supplement this with information from annual copies of The Statesman’s Yearbook .
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Examples of Currency Union in a sentence

  • This Agreement shall be open for signature by any Participating Government of the Currency Union.


More Definitions of Currency Union

Currency Union means the Eastern Caribbean Currency Union (ECCU)
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Related to Currency Union

  • European Union means the member nations of the European Union established by the Treaty of European Union, signed at Maastricht on February 2, 1992, which amended the Treaty of Rome establishing the European Community.

  • European Communities means the European Economic Community, the European Coal and Steel Community and the European Atomic Energy Community.

  • Currency means Dollars or any Foreign Currency.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Member States means the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Republic of Croatia, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, Hungary, the Republic of Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden;

  • Foreign Currency means any currency other than the currency of Kenya;

  • Agreed Foreign Currency means, at any time, (i) any of Canadian Dollars, English Pounds Sterling, Euros, Japanese Yen, Australian Dollars, Swiss Franc, Swedish Krona and New Zealand Dollars, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market or the relevant local market, if applicable, and (c) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

  • Participating Member States means the member states of the European Union that have the euro as their lawful currency in accordance with the legislation of the European Union relating to Economic and Monetary Union.

  • home Member State means either of the following:

  • Member State means a Member State of the European Union;

  • ECU means the European Currency Unit as defined and revised from time to time by the Council of the European Communities.