paper currency


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Noun1.paper currency - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for speciepaper currency - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
currency - the metal or paper medium of exchange that is presently used
fractional currency - paper currency in denominations less than the basic monetary unit
fiat money - money that the government declares to be legal tender although it cannot be converted into standard specie
bank bill, bank note, banker's bill, banknote, Federal Reserve note, government note, greenback, bill, note - a piece of paper money (especially one issued by a central bank); "he peeled off five one-thousand-zloty notes"
References in classic literature ?
The power to make any thing but gold and silver a tender in payment of debts, is withdrawn from the States, on the same principle with that of issuing a paper currency.
It was not an easy matter, on the spur of the moment, to raise ten millions in paper currency, and there were vexatious delays.
Peter Goldthwaite, on the contrary, after innumerable schemes, which ought to have collected all the coin and paper currency of the country into his coffers, was as needy a gentleman as ever wore a patch upon his elbow.
The pile of paper currency occupied the whole table.
That mysterious paper currency which circulates in London when the wind blows, gyrated here and there and everywhere.
Global Banking News-November 22, 2017--BoJ official says digital currencies will not replace paper currency
Just like paper currency and coins, central bank digital currency (CBDC) would be fixed in nominal terms, universally accessible, and valid as legal tender for all public and private transactions.
and Sherrod Brown, D-Ohio, today pushed for the United States to begin producing paper currency that includes tactile features to allow Americans who are blind or visually impaired to quickly differentiate between different monetary values.
In current, universal, circumstances, the rate of return on holding paper currency is neither positive nor negative.
The world is awash in paper currency, with major country central banks pumping out hundreds of billions of dollars' worth each year, mainly in very large denomination notes such as the $100 bill.
paper currency, and that was way back in the late 1800s when Martha Washington graced a $1 silver certificate.
paper currency are Martha Washington and Pocahontas.