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.
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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.

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