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Bancor

noun

Definitions

Noun
  1. 1
    A hypothetical supranational currency.

    "Absent significant monetary instability or an injunction for use of bancor for the making of an important set of payments (e.g. payment of taxes), surmounting the barriers to wide acceptance would be a key and perhaps prohibitive challenge."

Etymology

Coined by John Maynard Keynes in 1940-42, based on French banque (“bank”) and or (“gold”).

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