Moneda nacional

Definition

Moneda nacional refers to the official currency used within a specific country. It is issued by the government and accepted as legal tender for goods and services.

Analogy

Moneda nacional is like a ticket that you can only use in your own hometown amusement park but not in any other park around the world.

Related terms

Tipo de cambio: Exchange rate refers to the value of one currency in relation to another, determining how much of one currency is needed to purchase a certain amount of another.

Inflación: Inflation is the sustained increase in the general price level of goods and services over time, resulting in a decrease in purchasing power.

Banco central: The central bank is responsible for managing a country's money supply, controlling interest rates, and maintaining financial stability.