You are here

What is Currency?

Definition: Money or other item used to facilitate transactions
Ordinarily, the word "currency" is used to denote any form of money or other item in public circulation used to facilitate transactions.

Today, currency normally encompasses both coins (hard money) and paper bills (soft money).
Coins loaded on a scale
Currency is normally found in paper or coin form

More definitions of currency

As well as referring to any kind of money that is used for transactions and is in general circulation, currency may also refer to:
  • The form of money in official use in a country, e.g. US dollars in the United States.
  • All items used as a form of exchange, e.g. cheques, bank notes, promissory notes etc.

Currency in the e-conomic system

Presently, the e-conomic software supports over 50 currencies and exchange rates from around the world.

Read more about our multi-currency features or learn how you can set your base currency in the e-copedia.


Try reviso for free for 14 days

Reviso is a cloud accounting platform providing efficient online collaboration between small businesses and accountants.

Choose between two different trials, both containing all the core features of our accounting system. One of the trials is without data and can be upgraded to a subscription within the 14 days period.