What is a Soft Currency?

A soft currency is a weak unstable currency that is not globally traded or accepted as a form of payment for goods and services.
Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

A ‘Soft Currency’ is a weak unstable currency that is not globally traded or accepted as a form of payment for goods and services.

Most soft currencies do not tend to have investor confidence and are from nations with an unstable government and economy. An example of a soft currency would be the North Korean won.

Comments

comments