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Convertible currency

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Convertible Currency
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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convertible currency
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.

Semi-convertible currency:
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.
Hard dollars ...

Hard currency A freely convertible currency that is not expected to depreciate in value in the foreseeable future. Hard dollars Actual separate payments made by a customer for services, including research, provided by a brokerage firm.

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 ...

Hard Currency
Definition: A freely convertible currency that is not expected to depreciate in value in the foreseeable future.
Source ...

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: See also: Transaction, Index, Banks, Funding, Budgeting

Business  Convertible bonds  Convertible preferred stock

 
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