The ability to exchange money for gold or other currencies. Some governments which do not have large reserves of hard currency foreign reserves try to restrict currency convertibility, since they are not in a position to handle large currency market operations to support their currency when necessary.
Related information about currency convertibility:
- Currency Convertibility Definition | Investopedia
The ease with which a country's currency can be converted into gold or another currency. Convertibility is extremely important for international commerce.
- Convertibility - Wikipedia, the free encyclopedia
[edit] References. ^ "Currency Convertibility". Investopedia. http://www. investopedia.com/terms/c/convertibility.asp. Retrieved 8 June 2010. ^ Ed Grabianowski.
- Currency Convertibility - Financial Dictionary - The Free Dictionary
The ability to exchange a currency without government restrictions or controls. Convertibility. The state of or the ease with which a currency may be exchanged ...
- Currency Convertibility - The Free Dictionary
con·vert·i·ble (k n-vûr t -b l). adj. 1. That can be converted: a convertible sofa bed. 2. Having a top that can be folded back or removed: a convertible automobile.
- Final ppt currency-convertibility
Oct 3, 2011 ... The ease with which a country's currency can be converted into gold or another currency. Convertibility is extremely important for international ...
- What is Currency Convertibility?
Brief and Straightforward Guide: What is Currency Convertibility?
- Currency Boards And Currency Convertibility - Cato Institute
CURRENCY BOARDS AND CURRENCY. CONVERTIBILITY. Steve H. Hanke and Kurt Schuler. Standard textbooks characterize the evolution of an economy ...
- What is currency convertibility? definition and meaning
Definition of currency convertibility: The ability to exchange money for gold or other currencies. Some governments which do not have large reserves of hard ...