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do·mes·tic ˈcur·ren·cy N

domestic currency N STATE

Specialized Vocabulary

domestic currency area N FINMKT

Specialized Vocabulary

domestic currency unit value N FINMKT

Specialized Vocabulary

Examples from the PONS Dictionary (editorially verified)

domestic currency area
Binnenwährungsraum m

Monolingual examples (not verified by PONS Editors)

English
When adopting a foreign currency as legal tender, a monetary authority needs to withdraw the domestic currency and give up future seigniorage revenue.
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There is a difference between external debt nominated in domestic currency, and external debt nominated in foreign currency.
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Since foreign currency reserves of a central bank is limited, once the reserves are depleted, the domestic currency will depreciate.
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Non-sterilization will cause an expansion or contraction in the amount of domestic currency in circulation, and hence directly affect inflation and monetary policy.
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The domestic currency remains perpetually exchangeable for the reserve currency at the fixed exchange rate.
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Then, the unit-of-account function of the domestic currency is displaced when many prices are quoted in a foreign currency.
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Once the nation's government has exhausted its foreign reserves trying to support the value of the domestic currency, its policy options are very limited.
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Yet often the returns of the borrower's project will be in the domestic currency.
en.wikipedia.org
At the beginning of this process, the store-of-value function of the domestic currency is replaced by the foreign currency.
en.wikipedia.org
However, in some cases, intervention has also been aimed at avoiding quick appreciations of domestic currency.
en.wikipedia.org

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