Definition of single currency in English:

single currency


  • 1A currency used by all the members of an economic federation.

    • ‘Professor Robert Mundell, a Canadian economist famous for his work on single currencies, has long maintained that a currency union needs a high degree of political union to work successfully.’
    • ‘An equally important, albeit contested, factor is the link between the single market and a single currency.’
    • ‘Colin also says ‘single currencies’ only work where there is ‘free movement of labour.’’
    • ‘Tukur thinks the African economy will do better under a single currency.’
    • ‘How irrevocable is a single currency if members have sovereign parliaments and can leave?’
    1. 1.1 The currency (the euro) which replaced the national currencies of twelve member states of the European Union in 2002.
      • ‘The third stage involved the irrevocable fixing of exchange rates and the replacement of national currencies by a single European currency.’
      • ‘We should only be part of the single currency if the economic conditions are met.’
      • ‘Opponents of the single currency claim Britain's economy is doing fine without it.’
      • ‘As new entrants to the European Union happily join the single currency, Britain could easily be in a minority of one among 25.’
      • ‘The vast majority of the British population instinctively opposes the single currency.’