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

  • Taxation: Yields will not be subject to any tax, duty or levy by the Participating Governments of the Eastern Caribbean Currency Union (ECCU).

  • All notices to the Bondholders will be valid if published in a newspaper in each of the member territories of the Eastern Caribbean Currency Union (ECCU).

  • This matter was discussed at a meeting of the Monetary Council of the Eastern Caribbean Currency Union held on March 2, 2017.

  • Prepaid employee short term benefit The Bank facilitates loans to its staff at rates that are relatively low in comparison to the normal market rates in the Eastern Caribbean Currency Union (ECCU).

  • Countries that are members of a currency union (where multiple countries may adopt use of the same currency, including the Eurozone, the East Caribbean Currency Union, the West African Economic and Monetary Union, and the Central African Economic Community) are coded according to how the currency is managed.

  • The COVID-19 pandemic has brought to light the economic and social vulnerabilities of the region that have resulted in a major economic downturn for countries in the Eastern Caribbean Currency Union (ECCU) due to direct or indirect impacts of the pandemic.

  • The others are the Eurozone, the Eastern Caribbean Currency Union, and the Central Africa Economic and Monetary Community (CEMAC).

  • However, due to the bulk electrolyte solution contained in the system, the specific energy of RFBs is generally much lower.

  • Larch, Mario, Joschka Wanner, Yoto Yotov, and Tom Zylkin (2017): The Currency Union Effect: A PPML Re-assessment with High- Dimensional Fixed Effects, CESifo Working Paper, 6464.

  • Summary of significant accounting policies…continued r) Employee benefits…continued Prepaid employee short term benefitThe Bank facilitates loans to its staff at rates that are relatively low in comparison to the normalmarket rates in the Eastern Caribbean Currency Union (ECCU).


More Definitions of Currency Union

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

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • 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.

  • Composite Currency Unit means the Euro or any other composite currency unit consisting of the aggregate of specified amounts of specified currencies, as such unit may be constituted from time to time.

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

  • Currency means any currency or currencies, composite currency or currency unit or currency units, including, without limitation, the Euro, issued by the government of one or more countries or by any recognized confederation or association of such governments.

  • European Community means the territory comprised by the Member States of the European Community as constituted from time to time;

  • Treaty on European Union means the Treaty of Rome of March 25, 1957, as amended by the Single Xxxxxxxx Xxx 0000 and the Maastricht Treaty (which was signed at Maastricht on February 1, 1992 and came into force on November 1, 1993), as amended from time to time.

  • Dollar Equivalent of the Currency Unit shall be determined by the Exchange Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

  • European Commission means the authority within the European Union that has the legal authority to grant Regulatory Approvals in the European Union based on input received from the EMA or other competent Regulatory Authorities.

  • 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, any of English Pounds Sterling, euro and, with the agreement of each Lender, any other Foreign Currency, so long as, in respect of any such specified Currency or other Foreign Currency, at such time (a) such Currency is dealt with in the London interbank deposit market, (b) such Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of issue of such Currency (including, in the case of the euro, any authorization by the European Central Bank) is required to permit use of such Currency by any 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 Communities that adopt or have adopted the euro as their lawful currency in accordance with the legislation of the European Union relating to European Monetary Union.

  • Nonmember state means a state that has not enacted this compact.

  • EU Member State means a member state of the EU;

  • Index Currency means USD.

  • home Member State means either of the following:

  • Non-member state means: a state that has not enacted this compact.

  • Currencies means, collectively, Dollars and each Alternative Currency.

  • Central Bank Rules means the UCITS Regulations, Central Bank Regulations and any regulations, guidance and conditions issued by the Central Bank from time to time pursuant to the UCITS Regulations, the Central Bank Regulations and/or the Central Bank Act regarding the regulation of undertakings for collective investment in transferable securities, as such may be amended, supplemented or replaced from time to time;

  • Confederation means a group of National Federations, recognized by AIBA and belonging to the same continent;

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Member State means a member state of the European Union.

  • Currency Pair means the object or Underlying Asset of a CFD Transaction based on the change in the value of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the Quote currency is needed to purchase one unit of the Base Currency.

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