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Inconvertibility |
Also found in: Dictionary/thesaurus | 0.06 sec. |
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Inconvertibility The inability of a local currency to be exchanged for another currency. Often includes transfer risk. |
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? Mentioned in | ? References in periodicals archive | |
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| We believe China will not be able to achieve any kind of landing (neither soft nor hard) in the next year or two for three reasons: the absence of swift policy responses to rising economic problems; the heightening investment incentive ahead of major political events; and the inconvertibility of the capital account lengthens the duration of the bubble. Political risks include war and revolution, as well as currency inconvertibility, expropriation and changes in import or export regulations. A large investment bank making a loan in Argentina for a major infrastructure project would want to have currency inconvertibility coverage to make sure it can get loan payments out of the country. |
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Inconvertibility
