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Currency Convertibility

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
Currency Convertibility 

conversion (exchange) of the currency of a particular country for foreign currency. The convertibility may be partial, with the currency of the particular country being exchangeable only for certain foreign currencies, or complete, with no limitations on exchange.
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Foreign investors will be concerned about payment delays and problems with currency convertibility and transfer.
Eurobond rollover spells trouble for Cuban economy by Echevarria, Vito / CubaNews
Taiwan has implemented currency convertibility between the RMB and New Taiwan Dollar to provide mainland tourists easy access to the local currency.
FEATURE: Taiwan businesses ho-hum on coming wave of Chinese tourists by Asian Economic News
Taiwan starts exchanges between local dollar, Chinese yuan TAIPEI - Taiwan banks received a green light Monday from the central bank to begin currency convertibility services between the local dollar and Chinese yuan in preparation for deepening links between the island and China.
Kyodo economic news summary -3- by Japan Weekly Monitor
 
 
 
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