NOUN
- currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
How To Use paper currency In A Sentence
- Justine whines about the indistinguishability of American paper currency. The Color of Money
- Naturally, as a faithful devotee of the Quantity Theory, he helped create, he was also opposed to the inconvertibility of paper currency and the bimetallist movement.
- Also during the course of the war, the federal government printed almost $1 billion in paper currency, or ‘greenbacks,’ that was unbacked by gold or silver.
- They received payment in the form of both paper currency and coins of various denominations.
- Banks expanded their issues, and writers began praising the flexibility, expansibility, and wealth-creating power of an irredeemable paper currency.
- The paper currency (circulating since 1745) replaced with silver-based coinagethe riksdaler. 1768, Dec
- (_Gentz_, Werke, V, 62.) _Huskisson_ rightly calls a depreciated paper currency a much worse thing than clipped coin: the clipping of the coin is, so to speak, one great blow after which people can again calculate with certainty; but bad paper money is one continual fluctuation. System der volkswirthschaft. English
- The U.S. dollar is the paper currency of Panama, and is also referred to as the Panama balboa.
- Large uniface British Indian notes are among the paper currency on show.
- From the 1820s to the 1860s, the state was mainly financed by issues of inconvertible paper currency.
