Agio Term Analysis

...in bank money, which is worth more than local coin. (This premium is called an agio.) For instance, all the degraded foreign currency sent to Amsterdam reduced the value of Dutch... (full context)

...money, plus a bullion receipt. This receipt could be sold to cover the 5% bank agio, but it also allowed its holder to withdraw bullion by paying its value in bank... (full context)

...buying people’s receipts and allowing people to withdraw their bullion without receipts. In peacetime, bank agios fluctuate because receipt holders try to reduce it, while banks try to increase it. The... (full context)