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Inconvertibility

   Also found in: Financial 0.06 sec.
in·con·vert·i·ble  (nkn-vûrt-bl)
adj.
1. Not redeemable for money in coin: inconvertible paper currency.
2. Not able to be legally exchanged for another currency.
incon·verti·bili·ty, incon·verti·ble·ness n.
incon·verti·bly adv.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.inconvertibility - the quality of not being exchangeable; "the inconvertibility of their currency made international trade impossible"
exchangeability, fungibility, interchangeability, interchangeableness - the quality of being capable of exchange or interchange
convertibility - the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)
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We believe China will not be able to achieve any kind of landing (neither soft nor hard) in the next year or two for three reasons: the absence of swift policy responses to rising economic problems; the heightening investment incentive ahead of major political events; and the inconvertibility of the capital account lengthens the duration of the bubble.
Can China achieve a soft landing? by The International Economy
Political risks include war and revolution, as well as currency inconvertibility, expropriation and changes in import or export regulations.
Credit Insurance Assists in Changing Export Climate by MENDELL, GARY / Los Angeles Business Journal
A large investment bank making a loan in Argentina for a major infrastructure project would want to have currency inconvertibility coverage to make sure it can get loan payments out of the country.
What your CEO wants to know about managing risk by Drake, Lawrence L. / Financial Executive
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