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Capital account convertibility refers to the freedom to convert a country's domestic currency into foreign currency and vice versa, without any restrictions or limitations. It allows individuals and institutions to move their money across borders, invest in foreign assets, and take profits or dividends from those investments back to their home country. GFCs can play a significant role in facilitating capital account convertibility, i.e. the ability of individuals and institutions to freely move capital in and out of a country's financial system. Global financial centers play an important role in facilitating capital account convertibility, by providing a platform for cross-border financial transactions, developing financial infrastructure, encouraging foreign investment, promoting financial liberalization, and influencing international financial policy.
The United Nations Convention on the Law of the Sea (UNCLOS), is an international agreement that establishes the legal framework for marine and maritime...
Who regulates the issuance and trading of commercial paper in India?
Match the columns.
Slash and burn agriculture Associated State
(A) Dahiya ...
In March 2022, the “Stree Manoraksha project” was launched by which of the following Union Minister?
The Asia’s largest International Food and Hospitality Fair, AAHAR-2022, was organized at New Delhi’s Pragati Maidan it was organized by India Trade ...
Fruit cracking is due to the deficiency of:
Who explained the structure and reproductive system of algae in 1935?
What significant multidimensional vulnerability does the UNDP's latest findings reveal about the Northern and Eastern regions of Sri Lanka?
According to the Economic Survey Report of 2017- 18, what was the GST(Goods and Service Tax) weighted average collection in (%) ?
Which region of India is being showcased through the cultural festival 'Amrit Mahotsav of Diversity: A Cultural Odyssey' inaugurated by President Draupa...
