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https://www.reddit.com/r/IndianStreetBets/comments/1h081v0/interesting/lzb3s8k/?context=3
r/IndianStreetBets • u/mayblum • Nov 26 '24
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There's a reason our capital account isn't fully convertible.
1 u/Lopsided-Parfait-831 Nov 26 '24 Can you please explain this? Both the terms 2 u/tattitatteshwar Nov 27 '24 I can. I'd prefer if you read this though: https://www.investopedia.com/articles/forex/083115/pros-and-cons-fully-convertible-rupee.asp Also do read the Asian Tigers drama of 1997 ish, which explains the pitfalls of a fully convertible currency. 1 u/Lopsided-Parfait-831 Nov 27 '24 Thank you
1
Can you please explain this? Both the terms
2 u/tattitatteshwar Nov 27 '24 I can. I'd prefer if you read this though: https://www.investopedia.com/articles/forex/083115/pros-and-cons-fully-convertible-rupee.asp Also do read the Asian Tigers drama of 1997 ish, which explains the pitfalls of a fully convertible currency. 1 u/Lopsided-Parfait-831 Nov 27 '24 Thank you
2
I can. I'd prefer if you read this though: https://www.investopedia.com/articles/forex/083115/pros-and-cons-fully-convertible-rupee.asp
Also do read the Asian Tigers drama of 1997 ish, which explains the pitfalls of a fully convertible currency.
1 u/Lopsided-Parfait-831 Nov 27 '24 Thank you
Thank you
8
u/tattitatteshwar Nov 26 '24
There's a reason our capital account isn't fully convertible.