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English definition of “non-convertible currency”

non-convertible currency

noun [C or U]
 
 
( 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)
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