| 词汇 | inconvertible |
| 释义 | inconvertible adjective finance & economics specializeduk /ˌɪn.kənˈvɜː.tə.bəl/ us /ˌɪn.kənˈvɝː.t̬ə.bəl/ An inconvertible type of money cannot be easily exchanged into other types of money: （货币）不可兑换的 inconvertible currencyInconvertible currencies were common in the period after World War 2.第二次世界大战后，不可兑换货币十分普遍。 The country avoided being hit directly by the crisis because its currency was inconvertible. For more than two decades, the economy operated quite successfully with an inconvertible paper currency. These banks had the right to issue inconvertible banknotes. The institution lent long-term funds in convertible currencies which could be repaid in inconvertible currencies. Currencies Altcoin ariary bimetallism bitcoin buying power decimal currency escudo franc guilder krone lira multi-currency non-convertible non-dollar out of circulation paisa rouble rupiah shilling traveller's cheque You can also find related words, phrases, and synonyms in the topics: Stock markets Compareconvertible Synonymnon-convertible inconvertible | Business Englishinconvertible adjective uk /ˌɪnkənˈvɜːtɪbl/us ECONOMICS unable to be changed into gold, another currency, or another type of investment: A large part of this amount was locked up in inconvertible securities. Examples of inconvertibleinconvertible The international gold standard collapsed when countries made their currencies inconvertible into gold. From the 1820s to the 1860s, the state was mainly financed by issues of inconvertible paper currency. Inconvertible paper money became an actual fiduciary currency, and the means of payment for domestic transactions in the province. As previously stated, the public had developed a long cumulative experience on monetary affairs with expectations about inconvertible paper currency that proved to be accurate and prompt. To-day we have not only a paper currency but an inconvertible paper currency. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I think that shows it is possible to have an inconvertible currency which is generally acceptable. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 We cannot afford for the present to use them to pay off old debts or to accumulate inconvertible foreign currency. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The dollar, a previous anchor for comparison of values, is now made inconvertible. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open 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 less inconvertible dollars. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The real bills doctrine asserts that it is an illusion that any physically inconvertible currency is necessarily also unbacked. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. By 1745, its paper money was inconvertible to specie, but acceptance was mandated by the government. From 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. |
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