English
Español
中文
हिन्दी
FrançaisTerm applied to banking transactions conducted between participants located outside the country. Such transactions increased rapidly worldwide after the mid-1960s because of the growth and liquidity of Eurocurrency (q.v.) markets.
Glossary
New website. A refreshed site, new account portal, more games, lessons, and AP guides. See what's new →
Glossary
Term applied to banking transactions conducted between participants located outside the country. Such transactions increased rapidly worldwide after the mid-1960s because of the growth and liquidity of Eurocurrency (q.v.) markets.