inconvertible currency
1inconvertible currency — UK US noun [C] ► ECONOMICS a currency that cannot be changed into another: »The two clans ran the province with iron fists, even controlling the economy by issuing their own inconvertible currency …
2Inconvertible Currency — A situation where one currency cannot be exchanged for another currency because of foreign exchange regulations or physical barriers. Inconvertible currencies may be restricted from trade due to extremely high volatility or political sanctions.… …
3inconvertible currency — A currency that cannot be legally converted into other currencies. It is often the case that currencies are inconvertible for certain purposes, such as overseas investment. Currencies are most likely to be inconvertible where the underlying… …
4Currency — Money. The New York Times Financial Glossary * * * currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr ] written abbreviation cur noun currencies PLURALFORM FINANCE 1. [counta …
5currency — money. Bloomberg Financial Dictionary The currency that the security is traded in. London Stock Exchange Glossary * * * currency cur‧ren‧cy [ˈkʌrənsi ǁ ˈkɜːr ] written abbreviation cur noun currencies PLURALFORM …
6inconvertible — UK US /ˌɪnkənˈvɜːtɪbl/ adjective ► ECONOMICS unable to be changed into gold, another currency, or another type of investment: »A large part of this amount was locked up in inconvertible securities …
7Currency of Colombia — Contents 1 Spanish colonial coinage 1.1 1622–1756 Cob coinage (macuquina) 1.2 1756–1822 Milled coinage 1.3 1813–1820 Necessity coinage …
8Currency of Uruguay — This is an outline of Uruguay s monetary history. For the present currency of Uruguay, see Uruguayan peso. Contents 1 Pre independence currency 2 1828–1854 Peso 2.1 History 2.2 Paper …
9Currency Convertibility — The ease with which a country s currency can be converted into gold or another currency. Convertibility is extremely important for international commerce. When a currency in inconvertible, it poses a risk and barrier to trade with foreigners who… …
10inconvertible — adj. 1 not convertible. 2 (esp. of currency) not convertible into another form on demand. Derivatives: inconvertibility n. inconvertibly adv. Etymology: F inconvertible or LL inconvertibilis (as IN (1), CONVERTIBLE) …