convertible currency Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “convertible currency” in the English Dictionary

"convertible currency" in Business English

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convertible currencynoun [C or U]

uk   us   (plural convertible currencies)
ECONOMICS, FINANCE a ​currency that can easily be ​exchanged for the ​currency of another country: The ​payments may be made in any ​convertiblecurrency.
(Definition of convertible currency from the Cambridge Business English Dictionary © Cambridge University Press)
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