ANZ

The ANZ website contains the following categories:

The category contains the following sections:

    Financial Dictionary

    Dictionary Home The Language of Money - Edna Carew
    A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



    Soft currency

    One which is not in demand in world markets and which would not be used as a 'reserve currency'. Examples are the Philippines peso, the Mexican peso and the Hong Kong dollar. Such currencies are not in demand in the way that big-league currencies are, such as the deutschmark, $US, Swiss franc and so on.

    See also: hard currency, reserve currency.

    Important notice