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An alternative definition of a world or global currency refers to a hypothetical single global currency or supercurrency, as the proposed terra or the DEY (acronym for Dollar Euro Yen), [18] produced and supported by a central bank which is used for all transactions around the world, regardless of the nationality of the entities (individuals ...
Supranational union, a type of multinational political union; Supranational law, a form of international law; Supranational legislature, a form of international legislature; Supranational currency, a form of international currency; Supranational bond, a form of financial asset; Supranational aspects of international organizations
A supranational union is a type of international organization and political union that is empowered to directly exercise some of the powers and functions otherwise reserved to states. [1] A supranational organization involves a greater transfer of or limitation of state sovereignty than other kinds of international organizations.
Bancor would not be an international currency. It would rather be a unit of account used to track international flows of assets and liabilities, which would be conducted through the International Clearing Union. Gold could be exchanged for bancors, but bancors could not be exchanged for gold. Individuals could not hold or trade in bancor.
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: €2.50, 2,50€ and 2 50.
A reserve currency is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves. [citation needed] The reserve currency can be used in international transactions, international investments and all aspects of the global economy.
The key currency generally refers to a world currency, which is widely used for pricing, settlement, reserve currency, freely convertible, and internationally accepted currency. Cross rate: After the basic exchange rate is worked out, the exchange rate of the local currency against other foreign currencies can be calculated through the basic ...
Political Unification Revisited: On Building Supranational Communities by Amitai Etzioni [1] offers the definition of supranationality that is used in this entry. Etzioni writes that supranationality can be thought of as "a composite of several elements." These elements can be present alone or all together.