What is Convertible Currency

Currencies are the most important thing when it comes to any nation and that is the reason why some governments put restrictions when it comes to trading or converting the currency. Convertible currency are those currencies which can easily converted into any other currency without any restrictions just like stocks which can easily converted into cash any time you want. Majority of the world currencies are convertible because a currency which is convertible is considered more liquid as opposed to those currencies which are not convertible.

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