I recently saw a question refering to the Euro dollar. Now in Europe we have the Euro, in the UK we, thankfully, still have pounds and pence, but I believe that nowhere is there a Euro dollar.
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It's a general reference to dollars US currency deposited overseas.
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I don't think there is a real Euro dollar. Probably a fake currency combining the Euro and the USD.
http://www.investopedia.com/terms/e/eurodollar.asp... This is the best I can find and it is a good site
Thanks for the replies. I've never heard of the thing. It looks like it is a tax con for financiers buying dollars.
LandmarkWealth 5 years ago
Not really a tax issue but more of a way to avoid bank regulations
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