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).

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 Reviso Accounting System

Presently, Reviso software supports over 50 currencies and exchange rates from around the world.