Abstract
There is a great deal of confusion in people’s minds about a Euro-dollar. Most think that it is a different kind of dollar. In actual fact a Euro-dollar is an ordinary US dollar but it is owned by someone who is domiciled outside the USA. Indeed, at the beginning of the Euro-currency market they were all Eurodollars. Today it covers all the main currencies; Euro-sterling; Euro-deutschmark; Euro-yen; Euro-dollars etc. and all that is meant by Euro-currencies are currencies which are owned by people, mainly bankers, who are domiciled outside the countries of origin.
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© 1990 Derrick Edwards
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Edwards, A.D.P. (1990). The Euro-currency Market. In: The Exporter’s & Importer’s Handbook on Foreign Currencies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11852-6_3
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DOI: https://doi.org/10.1007/978-1-349-11852-6_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-11854-0
Online ISBN: 978-1-349-11852-6
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