What does "currency" mean?

Currency: The state or quality of being current; general acceptance or reception; a passing from person to person, or from hand to hand; circulation; as, a report has had a long or general currency; the currency of bank notes.

Additional senses

  1. 2.That which is in circulation, or is given and taken as having or representing value; as, the currency of a country; a specie currency; esp., government or bank notes circulating as a substitute for metallic money.
  2. 3.Fluency; readiness of utterance. [Obs.]
  3. 4.Current value; general estimation; the rate at which anything is generally valued. He . . . takes greatness of kingdoms according to their bulk and currency, and not after intrinsic value. Bacon. The bare name of Englishman . . . too often gave a transient currency to the worthless and ungrateful. W. Irving.

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