bancor

English

Etymology

Coined by John Maynard Keynes in 1940-42, based on French banque (“bank”) and or (“gold”).

Noun

bancor (plural bancors)

  1. A hypothetical supranational currency.
    • 2010, IMF, Reserve Accumulation and International Monetary Stability, page 27:
      Absent significant monetary instability or an injunction for use of bancor for the making of an important set of payments (e.g. payment of taxes), surmounting the barriers to wide acceptance would be a key and perhaps prohibitive challenge.

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