A type of currency that cannot be converted into gold, silver or any other unit of account held by a government's central bank (here called physical inconvertibility), or a currency that cannot be exchanged at a financial institution for the value of that currency in that institution's assets.
Related information about inconvertible currency:
- Inconvertible Currency Definition | Investopedia
A situation where one currency cannot be exchanged for another currency because of foreign exchange regulations or physical barriers. Inconvertible ...
- What is inconvertible currency? definition and meaning
Definition of inconvertible currency: A type of currency that cannot be converted into gold, silver or any other unit of account held by a government's central bank ...
- Inconvertible Currency - Financial Dictionary - The Free Dictionary
A currency that may not be converted into another currency on the foreign exchange market, or that may be converted only in limited amounts. Some countries ...
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The definition for Inconvertible Currency : What is Inconvertible Currency along with other Currency and Forex Trading terms and definitions. Find the meaning of ...
- inconvertible currency noun - definition in Business English ...
inconvertible currency noun - definition, audio pronunciation and more for inconvertible currency noun: a currency that cannot be changed into another: : See ...
- Financial Glossary: Inconvertible currency
A banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. This is done to expand the ...
- Inconvertible Currency Definition | Financial Markets
Aug 15, 2012 ... Inconvertible Currency strategies are implemented by governments in order to protect against market volatility and excessive changes in ...
- Mill, Principles of Political Economy, Book III, Chapter XIII | Library of ...
It is not so, however, with an inconvertible currency. ... An inconvertible currency, regulated by the price of bullion, would conform exactly, in all its variations, to a ...