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paper gold

/ˈpeɪpər ɡoʊld/

1 entry

phrase

/ˈpeɪpər ɡoʊld/C1formalbusiness
  • ruТермин, используемый в финансах и инвестировании, обозначающий золотые сертификаты, фьючерсные контракты или другие финансовые инструменты, представляющие право собственности на золото без физической поставки, в отличие от физического золота в слитках.

A term used in finance and investing referring to gold certificates, futures contracts, or other financial instruments that represent ownership of gold without physical delivery, as opposed to physical gold bullion.

  1. Special Drawing Rights (SDRs)C2formal

    An international reserve asset created by the International Monetary Fund (IMF) to supplement the official reserves of member countries. It is not actual gold but a claim on freely usable currencies.

    ruБумажное золото

    • The IMF allocated new paper gold to help stabilize the global economy.
    • Central banks can exchange their paper gold for hard currencies.
    • Paper gold is used as a unit of account in international transactions.