One that is freely traded internationally and which can easily be converted into other currencies.
A currency which can be traded freely for another (or gold) without the need for special permission from the appropriate central bank.
A currency whose monetary authority allows holders to readily convert it into other currencies, or gold.
Is one that can be easily traded for a 'hard currency' such as Sterling or US Dollars.
A currency that can be bought and sold for other currencies at will.
A currency that can be exchanged without restriction for another currency from the central bank.
A currency that can be freely exchanged for another currency (and or gold) without special authorization from the central bank.
A currency which can be exchanged freely for other currencies at market rates, or gold.
Convertible currency is currency that does not need a bank's permission to be converted to another currency or gold.
Currency which can be exchanged for other currencies or gold without authorization from the central bank
Currencies that can be exchanged for other currencies or gold.
any currency other than sterling, US dollars or Canadian dollars.
A currency that can be freely traded or exchanged on the world open market. Highly indebted countries have to pay their debts in this currency, as their own is generally not accepted by international financial institutions.
Currency whose monetary authority allows holders to switch freely into other currencies or gold.
Any currency other than Sterling, US Dollars and Canadian Dollars
A currency which can be freely converted into foreign currencies or gold.
currency currency convertibility