convertibility convertibility  /ˌkɑn vər tɪ ˈbɪ lɪ ti/

Definition(s):

  • (n) the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)

Usage(s):

  1. Furthermore, at the start convertibility would probably only apply to the current earnings of non-sterling countries.
  2. In the CBS system, convertibility can be managed, though awkwardly.
  3. Another vital issue was currency convertibilitythe tricky problem of how to make pound notes, dollars, lire and kroner freely exchangeable.

News

Quotes

  1. "The movement toward fuller convertibility of the rupee will necessarily have to be gradual, sequenced and calibrated to the overall macro-economic situation and emerging needs of the economy," Chidambaram said, according to the Press Trust of...
    on Aug 14, 2007 By: P Chidambaram Source: AFP

  2. "Full convertibility of rupee is our ultimate aim. We are gradually moving towards it. But it is not the right time to implement it in one go now," Mukherjee said in reply to a question in the Rajya Sabha.
    on Mar 12, 2010 By: Pranab Mukherjee Source: Economic Times

  3. "There is no plan or intention to change the system in any way, such as re-pegging at a different level or widening the convertibility zone,"" said Joseph Yam, the authority's chief executive since it was set up in 1993.
    on Nov 4, 2007 By: Joseph Yam Source: Tehran Times

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