Check out this handy guide to achieve better visibility and control over cash flows

Glossar

Navigieren Sie mit unserem umfassenden Wörterbuch mit Finanzbegriffen und Definitionen durch die komplexe Welt des Währungsmanagements.

Zuhause
>
Glossar
>
Non-Convertible Currency

Non-Convertible Currency

A non-convertible currency is the monetary unit of a country where holders of the currency do not have the right to convert it freely at the going exchange rate into any other currency. A currency is considered as non-convertible if it fulfills one or more of the following three criteria about usability, exchangeability and market value: it cannot be used for all purposes without restrictions; it cannot be exchanged for another currency without limitations; It cannot be exchanged at a given exchange rate.