local currency

Definition

The most commonly form of currency used in a country. This usually encompasses the national currency of the country.

Use local currency in a sentence

You should always try and get the best possible rate you canwhen doing business over seas with the local currency.

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While many people in Canada will accept the US dollar, their local currency looks much different and often is in the form of Looneys.

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Leveraging the local currency had paid off handsomely for us in this last quarter, but the talk of monetary policy changes had cast a shadow over the coming prospects.

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outward arbitrage currency overvaluation