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Definition of 'Private Currency'
Units of value issued by private companies or organizations. A private currency is typically issued by a private firm or group, to act as an alternative to a national or fiat currency which would be the standard unit of value in a country. Although issuing private currency is restricted by law in many countries, there are still estimated to be thousands of private currencies circulating across the world.
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Investopedia explains 'Private Currency'
Private currencies are often issued and backed by physical commodities, such as gold or silver. By backing a private currency with a commodity, issuers are able to increase the security of the asset, while limiting the effects of inflation on the currency's value, since commodities tend to move closely in line with inflation. Private currencies have been used in the United States since the mid-1800s and still continue to be used today, in some localities. For example, the "Ithaca HOUR" is a printed currency which has been exchanged in Ithaca, NY since 1991.
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Search results for 'Private Currency'
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http://www.investopedia.com/articles/stocks/08/companies-stay-private.asp
... There are still traditional lending institutions that provide collateralized loans
and stock can be used as private currency or sold to employees to raise ...
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http://www.investopedia.com/ask/answers/09/currency-affected-by-BOE.asp
... decrease the supply of available bank loans needed for commercial or private funding ...
Valuations are highly dependent on currency flows, such as when the Bank of ...
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http://www.investopedia.com/articles/economics/08/currency-crises.asp
... Governments will often be forced to provide liquidity to private banks, which can ...
and a higher chance of capital flight and runs on the domestic currency. ...
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http://www.investopedia.com/ask/answers/09/forex-currency-converter.asp
... the trader finally converts the currency from his or her local currency into that ...
15 years of experience trading forex and equities for a private equity fund. ...
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http://www.investopedia.com/ask/answers/11/us-dollar-on-top-currency-pair.asp
... that the currencies represent.(For further reading, see Using Currency Correlations
To ... years of experience trading forex and equities for a private equity fund ...
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http://www.investopedia.com/ask/answers/08/currency-in-new-zealand.asp
... For more on this topic, see What are the most common currency pairs traded ... more than
15 years of experience trading forex and equities for a private equity fund ...
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http://financialedge.investopedia.com/financial-edge/0911/The-Cheapest-Ways-To-Get-Your-Currency-Exchanged.aspx
... The Cheapest Ways To Get Your Currency Exchanged. ... Depending on the hotel, currency
exchanges can be done directly by the front desk there. ...
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http://www.investopedia.com/ask/answers/08/what-is-a-currency-converter.asp
... will help you gain perspective on the value of a specific currency over time. ... than
15 years of experience trading forex and equities for a private equity fund. ...
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http://financialedge.investopedia.com/financial-edge/0212/Bitcoin-May-Be-The-Currency-Of-The-Future.aspx
... Bitcoin May Be The Currency Of The Future. Posted: February ... This was not a mainstream
currency with mainstream businesses adopting it. Who would ...
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http://www.investopedia.com/ask/answers/08/is-there-a-world-currency.asp
... (For more on this topic, see Global Trade and the Currency Market and ... with more than
15 years of experience trading forex and equities for a private equity fund ...
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