Meaning of devisen | Babel Free

Definitions

Foreign currency.

plural, plural-only, uncommon

Examples

“[…] in February there was a moderate decline in its holdings of devisen, and in March there was a loss of both devisen and gold.”

“[…] the fall in the value of Hungary’s exports in 1930 had already driven the Government to use up a large proportion of its reserves in gold and devisen.”

“The central monetary powers were obligated to maintain existing parities and convertibility of their currencies by contracting their domestic money supply and shipping gold if under pressure and by offering credits, intervening on foreign exchange markets, and refraining from liquidating devisen to support other currencies under pressure.”

CEFR level