Soft currency
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Soft currency is a currency of one of the countries that set the exchange rate but do not allow their currencies to be traded on world markets.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Soft currencies. Currencies of countries that set the exchange rate but do not allow their currencies to be traded on world markets.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
