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.
- 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 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.
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 ...
Definition: A freely that is not expected to depreciate in value in the foreseeable future.
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