inconvertible currency
noun[C]
ukusECONOMICS
acurrencythat cannot bechangedinto another:
The twoclansrantheprovincewithironfists,evencontrollingtheeconomybyissuingtheirown inconvertiblecurrency.
Examplesofinconvertible currency
inconvertible currency
The real bills doctrine asserts that it is an illusion that any physicallyinconvertiblecurrencyis 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.I think that shows it is possible to have aninconvertiblecurrencywhich is generally acceptable.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
After seventeen years of aninconvertiblecurrencyspecie payments were resumed, without the slightest inconvenience to the commerce of the country.
FromProject Gutenberg
And in consequence, after nearly ten years of painful experience, they do not now understand how much they have suffered from theirinconvertiblecurrency.
FromProject Gutenberg
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.
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