A measure of the ease in which a currency can be converted into another, or redeemed for a reserve currency such as gold or the U.S. dollar. Countries whose currencies are deemed to have restrictive convertibility can face difficulties in global trade, or in its own ability to Control its money supply.
Browse by Subjects
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):