Currency Convertibility

Currency convertibility refers to the freedom to convert domestic currency into other internationally accepted currencies and vice versa. Exporters, importers, foreign investors, domestic investors investing abroad, residents and corporate etc., would like to convert domestic currency into foreign currency and vice versa to meet their international engagements.

Convertibility is viewed for the purpose for which it has been used- whether it is for current account purpose or for capital account purpose.

What is Current Account Convertibility?

What is Capital Account Convertibility?

April 6, 2019
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