inconvertible

(redirected from Nonconvertible Currency)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.
Related to Nonconvertible Currency: Blocked currency, Freely Convertible Currency

in·con·vert·i·ble

 (ĭn′kən-vûr′tə-bəl)
adj.
1. Not redeemable for money in coin: inconvertible paper currency.
2. Not able to be legally exchanged for another currency.

in′con·vert′i·bil′i·ty, in′con·vert′i·ble·ness n.
in′con·vert′i·bly adv.

inconvertible

(ˌɪnkənˈvɜːtəbəl)
adj
1. incapable of being converted or changed
2. (Banking & Finance) (of paper currency)
a. not redeemable for gold or silver specie
b. not exchangeable for another currency
ˌinconˌvertiˈbility, ˌinconˈvertibleness n
ˌinconˈvertibly adv

in•con•vert•i•ble

(ˌɪn kənˈvɜr tə bəl)

adj.
1. (of paper money) not capable of being converted into specie.
2. not interchangeable.
[1640–50; < Late Latin]
in`con•vert`i•bil′i•ty, n.
in`con•vert′i•bly, adv.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Adj.1.inconvertible - used especially of currenciesinconvertible - used especially of currencies; incapable of being exchanged for or replaced by another currency of equal value
convertible, exchangeable - capable of being exchanged for or replaced by something of equal value; "convertible securities"
2.inconvertible - not capable of being changed into something else; "the alchemists were unable to accept the inconvertible nature of elemental metals"
incommutable - not subject to alteration or change
Translations

inconvertible

[ˌɪnkənˈvɜːtəbl] ADJinconvertible

inconvertible

adj (Fin) → uneinlösbar, inkonvertibel

inconvertible

[ˌɪnkənˈvɜːtəbl] adjinconvertibile
References in periodicals archive ?
The Rupee was a nonconvertible currency and therefore did not face challenges from stronger currencies.
China is earning foreign currencies by exporting, and the Central Bank of China is obliged to buy it domestically under a nonconvertible currency regime.
government keeping most or all of the foreign exchange paid and then paying workers in local, nonconvertible currency.