A minor foreign currency that is allowed to be converted into a major currency, such the U.S. dollar.
Related information about permitted currency:
- Permitted Currency Definition | Investopedia
A currency that is free from legal and regulatory restrictions to be converted into another currency. A permitted currency is often a minor currency, and has a fairly ...
- What is permitted currency? - InvestorWords.com
Definition of permitted currency: A minor foreign currency that is allowed to be converted into a major currency, such the U.S. dollar.
- Permitted Currencies and Methods of Payment - Reserve Bank of India
The expression 'permitted currency' is used in the Manual to indicate a foreign currency which is freely convertible i.e. a currency which is permitted by the rules ...
- NRIs can now hold accounts in any currency - The Hindu
Oct 19, 2011 ... It may be noted that 'Permitted currency' for this purpose would mean a foreign currency which is freely convertible,” RBI said in a notification.
- Forex Glossary - Permitted Currency
It means a foreign currency which is freely convertible i.e a currency which is permitted by the rules and regulations of the country concerned to be converted into ...
- What is permitted currency? - InvestorGuide.com
permitted currency - definition of permitted currency from InvestorGuide.com: A minor currency that is permitted by its country's laws to be exchanged into one of ...
- Permitted Currency Definition | Financial Markets
Aug 26, 2012 ... Permitted Currenies can be traded more easily than those with tight restrictions because there is a higher level of liquidity associated with these ...
- Guest Post: Credit Events And The Lire | ZeroHedge
Sep 12, 2011 ... It is the Permitted Currency clause that would allow a country like Italy to keep all the terms of bonds the same, but pay back in Lire, and not ...