Valutaconvertibiliteit
Valutaconvertibiliteit refers to the ease with which a national currency can be exchanged for another currency on the foreign exchange market. A currency is considered fully convertible if there are no significant restrictions on its exchange for other currencies, both for current account transactions (like trade in goods and services) and capital account transactions (like investments).
Historically, many countries implemented capital controls to manage their balance of payments and protect their domestic
The move towards convertibility is often seen as a sign of economic liberalization and integration into the