A Eurocurrency refers to a currency on deposit outside its country of issue.

Name: A Eurocurrency refers to a currency on deposit outside its country of issue.
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Eurocurrency refers to any currency held outside the country of its origin, and it includes deposits in banks in any country other than the one where the currency is issued. This term is commonly used to refer to deposits denominated in euros but held outside the eurozone, but it can also apply to other currencies.

A Eurocurrency Refers to a Currency on Deposit Outside Its