inconvertible
adjective
uk/ˌɪnkənˈvɜːtɪbl/usECONOMICS
unableto bechangedintogold, anothercurrency, or anothertypeofinvestment:
Alargepartof thisamountwaslockedup in inconvertible securities.
Examplesofinconvertible
inconvertible
The international gold standard collapsed when countries made their currenciesinconvertibleinto gold.
From theCambridge English Corpus
From the 1820s to the 1860s, the state was mainly financed by issues ofinconvertiblepaper currency.
From theCambridge English Corpus
Inconvertiblepaper money became an actual fiduciary currency, and the means of payment for domestic transactions in the province.
From theCambridge English Corpus
As previously stated, the public had developed a long cumulative experience on monetary affairs with expectations aboutinconvertiblepaper currency that proved to be accurate and prompt.
From theCambridge English Corpus
To-day we have not only a paper currency but aninconvertiblepaper currency.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
I think that shows it is possible to have aninconvertiblecurrency which is generally acceptable.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
We cannot afford for the present to use them to pay off old debts or to accumulateinconvertibleforeign currency.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The dollar, a previous anchor for comparison of values, is now madeinconvertible.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
One result is this: the changing pattern of trade has led the rest of the world to accumulate vast balances of more or lessinconvertibledollars.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The real bills doctrine asserts that it is an illusion that any physicallyinconvertiblecurrency is necessarily also unbacked.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.By 1745, its paper money wasinconvertibleto specie, but acceptance was mandated by the government.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.