I'm trying to understand what is meant by the term 'legacy currency'. I've heard it being used in financial circles, but I'm not entirely sure what it refers to.
7 answers
MatthewThomas
Sat Dec 28 2024
Legacy currency refers to a specific financial instrument.
Enrico
Sat Dec 28 2024
Before this particular date, the legacy currency functions as the official currency.
GeishaElegance
Sat Dec 28 2024
It represents the national currency unit of a country.
Maria
Sat Dec 28 2024
Once the cash changeover date arrives, the legacy currency will undergo a transition.
EthereumEliteGuard
Sat Dec 28 2024
This country is expected to become a participating Member State in the future.