pass current
1. obsolete Of a coin, to have a particular monetary worth. The coin passed current for 21 shillings until the end of the 17th century.
2. dated To be considered genuine or authentic. What passes current as orthodox religious belief these days would be considered quite liberal—downright blasphemous, even—200 years ago.
pass current
be generally accepted as true or genuine. British Pass current originally referred to the currency of a genuine coin, as opposed to a counterfeit one.