convertibility
definition: A currency is convertible when it can be exchanged freely for other currencies (or, in the past, gold). Restrictions on convertibility act as a barrier to international trade and capital flows; similarly, for convertibility to be meaningful, other barriers to trade must come down. [Source: Encyclopedia of Business in Today's World; Convertibility]
broader: international monetary system
type: Concept

concepts
type: Collection
type: ConceptGroup
member: convertibility

international monetary system
type: Concept
narrower: convertibility