differentiate between current account convertibility and capital account convertibility
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Current Account Convertibility means freely able to convert one currency into another for trade related aspects other than capital purpose. Eg investment, loans etc. ... Current account convertibility means that a country's residents can purchase foreign exchange for the purpose of buying goods and services from abroad.
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rent account convertibility means that a country's residents can purchase foreign exchange for the purpose of buying goods and services from abroad. ... Current Account Convertibility means freely able to convert one currency into another for trade related aspects other than capital purpose. Eg investment, loans etc.
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