A commodity currency is a currency that moves in a correlated step with the global price of primary commodities due to certain countries’ dependency on the export of raw materials for income.
The commodities include minerals like gold, copper, iron, coal, energy products such as oil and gas, precious metals, produced products like milk, etc.
The commodities include minerals like gold, copper, iron, coal, energy products such as oil and gas, precious metals, produced products like milk, etc.
Ben: "I wish we never went off the gold standard, we should've kept the dollar as a commodity currency."
Bob: "Hurr durr, a private institute managed by unelected people manipulating the economy through the use of fiat money is a great thing!!!"
(Bob is referring the the central bank of America.)
Bob: "Hurr durr, a private institute managed by unelected people manipulating the economy through the use of fiat money is a great thing!!!"
(Bob is referring the the central bank of America.)
by Minarchistic August 17, 2021
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Guy 2: Nah dog, I ain’t got money.
Guy 1: Bro has L currency.
Guy 2: Nah dog, I ain’t got money.
Guy 1: Bro has L currency.
by everestbros February 8, 2023
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When one is so terrifically awesome, that having money just isn't enough to measure your value. So instead of any ordinary currency, one must use Pride Currency, the currency of the awesomest of the awesomest.
Chuck Norris doesn't use any normal earthly currency, he uses Pride Currency. Anything he buys he pays with pride, and that mother fuck is rich!!!
by Sean John The Leprechaun October 3, 2011
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In addition to performance currency (when you deliver upon a product above people’s expectations) and relationship currency (when you take the time to connect, engage, and get to know people in your milieu), you need math currency to make yourself an odd in a sea of evens.
by MathPlus October 28, 2021
Get the Math Currency mug.The currency issued by the Federal Reserve that is marked by being both fiat money and debt money. All American money issued by the federal government is Federal Reserve currency.
by Jon Davis January 14, 2004
Get the Federal Reserve currency mug.The money (coinage) you get back from buying something which is useless to anybody with a real job, it is just change you cant buy anything with.
by Wes Store July 14, 2007
Get the Hobo Currency mug.The tendency to measure the cost of something in margaritas or another drink with a fixed, easy-to-remember price.
It'll cost your five less margaritas to fly to Orlando on the 8th than on the 9th.
Think about it in margarita currency. Think about all the margaritas you could buy instead of those slut shoes.
Think about it in margarita currency. Think about all the margaritas you could buy instead of those slut shoes.
by hataraxia August 22, 2011
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