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- Denied Parties; Export Administration Regulations
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- Letter of Credit Instructions
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- Foreign Financial Statement Analysis; IASB; International Accounting Standards Board
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- International Payment Terms; Methods of Payment for International Sales
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- Sovereign Risk; Political Risk; Country Risk
- Uniform Customs and Practice for Documentary Credits; UCP 600
- Gathering Information about Foreign Credit Applicants
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Soft Currency
Soft currency is currency that is not readily convertible into U.S. dollars. A soft currency is not that may not be accepted in international business transactions by sellers because of concerns about dramatic fluctuations in the exchange rate or based on the possibility that the currency will not be convertible. Export credit risk management must be proactive. The decision about which currency to accept as payment should be made by the credit manager - not by the sales department or the customer.
© 2011 by Michael C. Dennis. All Rights Reserved. Michael is the author of "Credit and Collection Handbook." E-mail questions or comments to him at mcdennis13@yahoo.com