Meaning of “inconvertible currency” in the English Dictionary

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"inconvertible currency" in Business English

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inconvertible currencynoun [ C ]

uk us

ECONOMICS a currency that cannot be changed into another:

The two clans ran the province with iron fists, even controlling the economy by issuing their own inconvertible currency.

(Definition of “inconvertible currency” from the Cambridge Business English Dictionary © Cambridge University Press)