legal tender

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The Salvadoran leader is eager to make the Central American country a cryptocurrency hub, adopting bitcoin as legal tender in 2021 and unveiling plans to create the world's first "bitcoin city."

From Reuters

The government in Monrovia had said the notes in circulation were no longer legal tender.

From BBC

Nigeria's Supreme Court has ruled that old banknotes remain legal tender until the end of the year, bringing relief to millions affected by a chaotic redesign of the naira notes.

From BBC

Nigeria’s cash-dependent informal sector, which by one estimate makes up almost 58 percent of its economy, has been badly hit by people not having access to legal tender.

From Washington Post

The top recommendation was to "safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do not grant crypto assets official currency or legal tender status."

From Reuters