Soft Currency

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Soft Currency

Summary of Soft Currency

A national currency that, because of exchange controls, is not freely convertible into gold or other currencies. Such controls are usually manifest in officially set rates of exchange that do not reflect the price of the soft currency, were it permitted to trade freely.

(Main Author: William J. Miller)

Soft Currency and International Trade Economy

In relation to international trade economy, Christopher Mark (1993) provided the following definition of Soft Currency: A national currency that is not freely convertible into other currencies .because of officially set exchange rates or other forms of exchange controls (Sec. I ).

Soft Currency in International Trade

Meaning of Soft Currency, according to the Dictionary of International Trade (Global Negotiator): A currency of a nation in which exchange may be made with difficulty. Countries with soft currencies typically have limited exchange reserves so that their currency is generally considered to be high risk.

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