Convertibility #Convertibility
Facility of exchanging domestic currency for foreign currency at market determined exchange rate without restriction on either rate or quantum of money exchanged is called convertibility.
Full current account convertibility – If domestic currency is allowed to convert into foreign currency for all current account purposes, it is a case of full current account convertibility.
Full capital account convertibility – In cases of capital outflow, if the domestic currency is allowed to convert into foreign currency, it is a case of full capital account convertibility.
FOR MORE DETAIL NOTES in This Topic… JUST STAY CONNECTED
For Videos Join us on Youtube-
543 total views, 2 views today
Please follow and like us: