Noun
The quality of being convertible
Usage- Uncountable
The quality of a currency of being exchangeable for gold or other currencies
Usage- Uncountable
- Examples
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More examples (1)
When it comes to Argentina, [Javier Milei's] model is the 1990s, when the convertibility plan established by President Carlos Menem pegged the peso to the dollar and completely ended hyperinflation.
Noun
the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)
- Antonyms