Definitions
from The Century Dictionary.
- noun The condition or quality of being convertible.
- noun Capability of being applied or turned to a new use. The quality of being interchangeable: as, the convertibility of certain letters. In logic, capability of being transformed by conversion.
from the GNU version of the Collaborative International Dictionary of English.
- noun The condition or quality of being convertible; capability of being exchanged; convertibleness.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun The quality of being
convertible - noun The quality of a
currency of beingexchangeable forgold or other currencies
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)
Etymologies
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Examples
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Note that the element of convertibility is not a prerequisite; it is sufficient only to commit to the price of gold becoming the "alarm signal" for the real bills doctrine to work.
To Stabilize The Economy, Fix The U.S. Dollar Reuven Brenner 2010
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Note that the element of convertibility is not a prerequisite; it is sufficient only to commit to the price of gold becoming the "alarm signal" for the real bills doctrine to work.
To Stabilize The Economy, Fix The U.S. Dollar Reuven Brenner 2010
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Argentina, trying to put an end to years of runaway inflation, pegged its peso to the dollar through a so-called convertibility program in 1991.
Argentine Episode Is Little Comfort for Greece Matt Moffett 2011
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And as with Argentina's pre-2002 "convertibility" regime, which rigidly pegged the Argentine peso to the dollar, Greece is denied the one policy option that could ease its economic pain: a currency devaluation.
Greece Is Suffering From Argentina's Disease Michael Casey 2010
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And as with Argentina's pre-2002 "convertibility" regime, which rigidly pegged the Argentine peso to the dollar, Greece is denied the one policy option that could ease its economic pain: a currency devaluation.
Greece Is Suffering From Argentina's Disease Michael Casey 2010
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And as with Argentina's pre-2002 "convertibility" regime, which rigidly pegged the Argentine peso to the dollar, Greece is denied the one policy option that could ease its economic pain: a currency devaluation.
Greece Is Suffering From Argentina's Disease Michael Casey 2010
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On the other hand, if they were to be founded on mutual trust and a real understanding of the basic principles of trade, then I believe 'convertibility' could not only be achieved, but achieved soon.
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He was adamant that "convertibility" would be the cornerstone of his policy - and he kept his word when he got the job in December 1999.
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Hiroshi Watanabe , who served as Japan's top financial diplomat overseeing its foreign exchange policy, said he was not entirely in favor of Japan holding yuan assets given the currency's lack of full convertibility, but added that Tokyo's purchases despite the constraint would highlight the anomaly and would send a message to Beijing to speed up its efforts to make the yuan more flexible.
Japan Hopes China Bond Buying Speeds Market Reforms Tatsuo Ito 2012
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Under the IMF's classification, even if Japan were to buy Chinese bonds, they would not be counted as foreign reserves, as only assets with currency convertibility qualify.
Japan Hopes China Bond Buying Speeds Market Reforms Tatsuo Ito 2012
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