GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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20:07 Oct 8, 2019 |
French to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Wolf Draeger South Africa Local time: 14:29 | ||||||
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Summary of answers provided | ||||
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4 | in circulation/freely circulating |
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2 | exchange-uncontrolled |
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Discussion entries: 12 | |
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in circulation/freely circulating Explanation: Meaning the currency that is available to pay for goods and services as opposed to money held in investment vehicles or by goverments. So, you can pay in cash, by card or by bank transfer, but you can't pay using stocks, bonds, securities or the such. As writeaway notes, the only references I found online all related to Swiss Ts&Cs. But I guess this text predates the euro. See also: https://en.wikipedia.org/wiki/Currency_in_circulation https://en.wikipedia.org/wiki/Legal_tender Reference: http://www.investopedia.com/terms/c/currency-in-circulation.... Reference: http://www.investorwords.com/7100/currency_in_circulation.ht... |
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exchange-uncontrolled Explanation: The term rang bells from exchange control days - francs & pesetas A/ 'freely available' domestic currency vs. B/foreign investment currency suibject to exchange controls. Reference: http://www.export.gov/article?id=Switzerland-Foreign-Exchang... |
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