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