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10 December, 06:54

What is a valid explanation as to why some nations retain nonconvertible currency?

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  1. 10 December, 07:19
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    Some nations believe that a nonconvertible currency protects that nations economy. A nonconvertible currency is less susceptible to economic volatility in nations with weak economies. Further, communist countries used nonconvertible currency to limit the influence of capitalism on its citizens.
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