What is ‘Xenocurrency’
A currency that trades in markets outside of its domestic borders. The term “xenocurrency” is derived from the prefix “xeno,” which literally means foreign or strange.
Explaining ‘Xenocurrency’
An example of a xenocurrency would be the euro traded in the United States, or the Japanese yen traded in Europe. The term “xenocurrency” is seldom used in markets, perhaps because of the somewhat negative connotation of the word “xeno.” Xenophobia, for example, means an irrational fear or hatred of foreigners. “Foreign currency,” therefore, is the preferred term when referring to a non-domestic currency.
Further Reading
- The fourfold relation between the essence of money, inflation, bubbles and debt—A theoretical macrofounded analysis – onlinelibrary.wiley.com [PDF]
- Electronic finance and monetary policy – papers.ssrn.com [PDF]
- Full Dollarization: A last resort solution to financial instability in emerging countries? – link.springer.com [PDF]
- The debt crisis and the crisis of global regulation – www.sciencedirect.com [PDF]
- THE GROWLERY: Ending the Debt-Money System – www.tandfonline.com [PDF]
- Changing targets and strategies for the European financial integration – annalidibotanica.uniroma1.it [PDF]
- Fictions of State: Culture and Credit in Britain, 1694-1994 – search.proquest.com [PDF]
