Artificial Currency

An artificial currency is a financial medium which facilitates accounting or financial transactions, but is not used as a medium of exchange.

Examples of artificial currencies include special drawing rights and the European Currency Unit formerly used as a medium of exchange within the European Economic Community.

More on this topic:
Forex tading comparison
Fiat currency definition
Sovereign money definition
Cryptocurrency definition

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 70 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.