Definition of: currency

(kûr′ən·sē) noun plural ·cies
1. The current medium of exchange; coin or bank notes.
2. The state of being current.
3. Current value or estimation; general esteem or standing: to gain currency without desert. See synonyms under MONEY.
—blocked currency Currency subject to abnormal administrative restrictions, usually in the interests of controlling foreign exchange.
—flexible currency Currency which is regulated by existing business requirements, and increased or decreased with their demands.
—managed currency A theoretical financial arrangement intended to stabilize currency by regulation of the standard monetary unit.