Abstract
International currency is a common term in the economic literature. Notwithstanding, it carries numerous connotations and blurs itself among words such as reserve currency, invoice currency and regional currency. This lack of conceptual precision undermines the consolidation of the knowledge about currencies in the international economic scenario. Based on the traditional economic discussions on money functions and the most recent issues on state sovereignty, we formulate a sufficiently flexible framework to both cope with the wide range of international economy inquisitiveness and to be sufficiently rigorous as it is mandatory for good science. We purpose internationality as the currency’s property of having its money functions acknowledged beyond the jurisdictional territory of its issuing monetary authority, allowing us to present an international currency as the one with sufficient internationality.
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