Convertible Currency definition :
This refers to any currency which does not need authorization from a central bank in order to be freely traded against other currencies in the Forex market.
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currency that can be readily exchanged for other currencies.
Dictionary of Business Terms ...
Convertible Currency - Currency which can be quickly and easily converted into other countries currencies.
Convertible currency - Any national currency that can be easily exchanged for that of another country.
Cook the books - To falsify is misrepresent accounting information.
A currency which may be bought or sold only through the Central Bank and at specific fixed exchange rate.
Franšais: Monnaie-semi convertible
Espa˝ol: Divisa parcialmente convertible ...
A freely convertible currency that is not expected to depreciate in value in the foreseeable future.
Actual separate payments made by a customer for services, including research, provided by a brokerage firm. Antithesis of soft dollars.
Hard currency A freely convertible currency that is not expected to depreciate in value in the foreseeable future. Hard dollars Used in the context of general equities.
convertible currency proceeds from exports) are accumulated. These revenues are set aside for subsequent acquisition of goods and services from a foreign supplier.
Business / Finance / Hard Dollars: A freely convertible currency that is not expected to depreciate in value in the foreseeable future. MORE
Harmonic Constants ...
Debt - external: $11.2 billion (convertible currency, 1998); another $20 billion owed to Russia (1998)
Currency: 1 Cuban peso (Cu$) = 100 centavos ...
The payment is normally receivable in any major convertible currency.
A letter of credit or a guarantee is made by a bank, usually in the importer's country.
The contract can be for either goods or for services.
See also: Transaction, Index, Banks, Funding, Budgeting