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Discover Ludwig"foreign currency" is a correct and usable phrase in written English.
It can be used to refer to the money of a different country than your own, such as the US Dollar being a foreign currency in the UK. For example: "I exchanged my local currency for some foreign currency at the bank."
Dictionary
foreign currency
noun
Any currency that is in use in a foreign country, but not in one's own
Exact(51)
Foreign currency is running out.
Foreign currency is drying up.
Foreign currency requirements for financing.
Foreign currency movement is severely restricted.
Our main foreign currency earner is tobacco.
B. selling foreign currency holdings.
Similar(9)
Foreign-currency reserves are strong.
Governments owe less foreign-currency debt.
"We don't take foreign-currency risks".
It has the highest foreign-currency reserve in the world.
Demand for foreign-currency loans seems to be holding steady.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com