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Definition | : | Capital Account Convertibility |
Category | : | Academic & Science » Economics |
Country/ Region |
: | Worldwide
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Popularity | : |
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Type | : |
Initialism
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Capital Account Convertibility (CAC) means the freedom to conduct investment transactions without any constraints.
CAC is the ability to convert domestic currency for capital account transactions and the freedom to convert local financial assets into foreign financial assets and vice versa. It enables the purchase of assets such as bonds, equity, real estate property in the overseas market without any controls or restrictions.
The full form of CAC is Capital Account Convertibility
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