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... > social science subjects > business and management > finance > international finance > international monetary system > convertibility
... > social science subjects > business and management > international business > international finance > international monetary system > convertibility
... > social science subjects > business and management > finance > monetary systems > international monetary system > convertibility
... > social science subjects > economics > macroeconomics > monetary theory > monetary systems > international monetary system > convertibility

Preferred term

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]

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https://concepts.sagepub.com/social-science/concept/convertibility

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