Meaning of “non-convertible currency” in the English Dictionary

business-english dictionary

"non-convertible currency" in Business English

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non-convertible currencynoun [ C or U ]

uk us also inconvertible currency

ECONOMICS, MONEY currency that cannot be changed into gold or into the currencies of other countries:

With a non-convertible currency, a rudimentary banking system and no stockmarket, the country was struggling.

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