Convertible currency

Convertible currency refers to a currency that can be exchanged freely for any other currency without government restrictions.

Share it: CITE

Previous:
Computer Programming

Next:
Cost, insurance, and freight (CIF)

Related Definitions

Base currency
Base currency applies mainly to international equities. Currency in which...
Currency
Currency is the paper money (such as dollar bills) and...
Currency Market Risk
Currency Market Risk is the risk can be from outright...
Eurocurrency market
Eurocurrency market refers to the collection of banks that accept...
Currency option combination
Currency option combination is the use of simultaneous call and...

Categories