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Convertible Currency
(redirected from Freely 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.
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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.
South Sudan sets $500,000 base for investors by Sudan Tribune (Sudan)
Hence there is competition amongst the various financial institutions for this rent: freely convertible currency and free trade of services describe in this context the desire of foreign financial investors to participate in the rent allocation of a country.
Missing basic issues on credit money: on the role of money in ... by Schui, Herbert / Pakistan Development Review
Uzbekistan in turn will accelerate moves to introduce a freely convertible currency, improve the investment climate, privatise its state companies and ease trade barriers, as well as to restore its relations with international organisations such as the IMF, World Bank and EBRD.
Central Asian states woo investors: Pamela Ann Smith reports on an ... by Smith, Pamela Ann / The Middle East
 
 
 
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