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Banking

Non-Convertible Currency

The monetary unit of a country where there are restrictions- imposed by a government authority- on the right to convert...

Blocked Currency

The monetary unit of a country where there are restrictions- imposed by a government authority- on the right to convert...

Restricted Currency

The monetary unit of a country where there are restrictions- imposed by a government authority- on the right to convert...

Currency Translation Reserve

A type of reserve that is created to account for foreign currency translation (currency translation). Such a translation involves the...

FCTR

It stands for foreign currency translation reserve; a type of reserve that is created to account for foreign currency translation...

Foreign Currency Translation Reserve

A type of reserve that is created to account for foreign currency translation (currency translation). Such a translation involves the...

Bit Gold

A proposed form of a decentralized digital currency that was presented by blockchain pioneer Nick Szabo in 1998. Though it...

Base Currency

The first currency in a currency pair. It is the basis for the buy or the sell: if an investor...

Weak Quote Currency

A currency in which the ask price is more than 100 pips above the bid price. In this case, three...

Rollover Transition

The simultaneous purchase and sale of an identical amount of one currency (base currency) for another (foreign currency) with two...