EUROCURRENCY Definition

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EUROCURRENCY is currency held by banks, corporations or individuals outside its country of origin: e.g. eurodollar, eurosterling, etc. The euro part of the name derives from the place where the first market in such currencies (normally dollars) arose.

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DIRECT MATERIAL is the cost of raw materials and components that can easily and economically be identified either with individual units of production or with a responsibility center.

DINAR (DINARA) is a currency of: Algeria, Bahrain, Bosnia & Herzegovina, Croatia, Iraq, Jordan, Kuwait, Libya, Serbia, Sudan, Tunisia, and Yugoslavia.

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