convertible currency

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Convertible Currency

A currency that may be exchanged for a foreign currency. Currency convertibility is vitally important in the foreign exchange market; higher convertibility means that a currency is more liquid and, therefore, less difficult to trade. Factors affecting convertibility include the availability of foreign currency reserves in a given country and domestic regulations seeking to protect local investors from bad investment decisions in, for example, a currency undergoing a period of hyperinflation. A few socialist governments even issue inconvertible currencies, such as the Cuban peso, in order to protect their citizens from perceived capitalist infiltration. See also: Inconvertibility.

convertible currency

a currency which can be converted into another currency without special permission from the FOREIGN EXCHANGE CONTROL authorities.
References in periodicals archive ?
b) For payment in a freely convertible currency from abroad:Payment in a freely convertible currency will be done through intermediary bank LHB International Bank AG Frankfurt AM Main SWIFT code: LHBIDEFF, account with institution /000 9867 300 Intesa SanPaolo Bank d.
Bahrain has a more liberal economy, it's competitive, value-oriented, has the lowest tax, 100pc ownership in business and real estate and has a freely convertible currency.
Bahrain has a more liberal economy, it's competitive, value-oriented, has the lowest tax, 100 per cent ownership in business and real estate and has a freely convertible currency.
The amount to be invested by a foreign investor is at least $500,000 or the equivalent in any freely convertible currency deposited in the Bank of South Sudan," reads the Act.
But these assignments may not be quite as attractive because cash flows may not be in a freely convertible currency and could be subject to significant exchange risk.
925/2006, updated in lei or in freely convertible currency.
86 of GD 925/2006, in RON or in a freely convertible currency and can be in the form of a letter of guarantee for participation in the auction, bank transfer account contracting authority RO36TREZ7065005XXX000114, opened at the Treasury Sector 6, or can be and by depositing the cashier contracting authority of a money order or a check file, subject to their confirmation by the bank until the opening date; an amount in cash, if the collateral value of participation is low value.
Lot 1 Rehabilitation works of MCO Gjakove - not lessthan Euro 3,400 or equivalent amount in any freely convertible currency.
86 of GD 925/2006, in lei or in a freely convertible currency and can be in the form of a letter of guarantee for participation in the auction, bank transfer account RO36TREZ7065005XXX000114 contracting authority, opened at the Treasury Sector 6, or it can be and by depositing the cashier contracting authority of a money order or a check file, subject to their confirmation by the bank until the opening date; an amount in cash if the amount of participation guarantee is reduced in value.
86 of GD 925/2006, in lei or in a freely convertible currency and may be in the form of a letter of guarantee for participation in the auction, bank transfer to the account of the contracting authority RO36TREZ7065005XXX000114, opened at the Treasury Sector 6, or may be formed and by depositing the cashier contracting authority of a money order or a check file, subject to their confirmation by the Bank until the date of opening of tenders; an amount in cash, if the collateral value of participation is low value.
Participation guarantee shall be returned according to mood-HG 925/2006 Article 88 - Period of validity of the guarantee for participation must be equal to the bid validity period or 30 days after the deadline for submission of tenders - Evidence of warranty participation must be submitted no later than the date and time set for opening of tenders - Tenders not accompanied by proof of participation guarantee will be rejected - for a unified evaluation and reporting of the amount of guarantees for participation, equivalent to a guarantee participation filed in any freely convertible currency will be at the rate of the date of publication of notice in the SEAP 5% of the contract value excluding VAT (2.