Noun
reserve currency (plural reserve currencies)
(economics) A foreign currency that is held in reserve as foreign exchange reserves.
One of the biggest attractions of the euro is that it is seen as the most likely candidate to replace the dollar as the reserve currency. Peter Schiff
Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency. Robert C. Solomon
The dollar is currently the principal reserve currency in the world. Robert C. Solomon
...let's talk about soccer scores. There are a few things that people all around the world need to admit to themselves. Trade restraints slow economic growth, the euro is not a reserve currency and scoreless sports ties are boring. P. J. O'Rourke
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure. Robert C. Solomon
A Common Market report suggested that the pound could not be sustained as a reserve currency and it was suggested again that the pound should be devalued. Source: Internet