vehicle currency is issued by?
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A currency which is extensively used by traders and bankers in international trade transactions, i.e. used as an international medium of exchange (such as the dollar).........
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The US dollar functions as a "vehicle currency" in the sense that agents in non-dollar economies will generally engage in currency trade indirectly through the US dollar rather than directly through bilateral trade among their own currencies.
The currency used to invoice an international trade transaction, especially when it is not the importer's or exporter's native currency.We explore the nature of the efficiency gains arising from a vehicle currency.
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