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
>
Partially Convertible Currency

Partially Convertible Currency

A partially convertible currency is the monetary unit of a country where holders of the currency face legal constraints to convert it freely at the going exchange rate into other currencies. A currency is said to be partially convertible if one or more of the following three criteria about usability, exchangeability and market value are not fully enforced: it can be used for all purposes without restrictions; it can be exchanged for another currency without limitations; It can be exchanged at a given exchange rate.