Currency of a news item means
In the context of a news item, "currency" refers to the unit of exchange or medium of exchange used in a particular country or region. In other words, it is the standard unit of money used to buy and sell goods and services.
For example:
- The United States uses the United States dollar (USD) as its currency.
- The European Union uses the Euro (EUR) as its official currency.
- Japan uses the Japanese yen (JPY) as its currency.
In a news item, the currency of a country or region is often mentioned to provide context and clarity about the financial or economic aspects of the story. For instance:
- "The company reported a profit of $1 million in the last quarter, a significant increase from the previous year."
- "The country's central bank has raised interest rates to combat inflation, which has been fueled by a strong currency."
In this context, the currency is used to provide a sense of scale and to help readers understand the financial implications of the news item.