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Inconvertibility
(redirected from Currency Inconvertibility)

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Inconvertibility
The inability of a local currency to be exchanged for another currency. Often includes transfer risk.
Inconvertibility
The state in which a currency may not be exchanged for a foreign currency. A few socialist governments issue inconvertible currencies such as the Cuban peso in order to protect their citizens from perceived capitalist infiltration. Most of the time, however, domestic regulators may deem a foreign currency inconvertible in order to protect local investors from bad investment decisions. For example, regulators may deem a currency going through a period of hyperinflation as inconvertible; that way, investors do not make investments in that currency as they are likely to soon be worthless. See also: Foreign exchange.
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The US$ 5 million MIGA guarantee insures the company's investment in a polyethylene terephthalate (PET) preforms plant, the raw material used in producing beverage bottles, located 17 kilometres outside Baghdad, against currency inconvertibility and transfer restriction, expropriation, along with war and civil disturbance risks.
Rising property project opportunities in Iraq by Andy McTiernan Property & Economy Bulletin
The guarantee was issued under MIGA's Small Investment Program, and provides coverage against the risks of currency inconvertibility and transfer restriction, expropriation, and war and civil disturbance.
World Bank's insures first investment in Iraq by CPI Financial
This insurance, issued by a US Government agency [Overseas Private Investment Corporation] insures our investment against loss from civil strife, nationalization and currency inconvertibility," he said.
Long term prospects. For risk-adjusted returns and sustainable ... by Soma Digest (Suleimanieh, Iraq)
 
 
 
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