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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Convertibility Convertible Currency Exchange Controls Inconvertibility Coverage Overseas Private Investment Corporation			A conservative fiscal policy since 1991, including inconvertibility of the national currency, the som, has shielded its citizens from the hyperinflation that ravaged other former Soviet republics, but the policy previously diminished potential foreign investment. Untapped energy riches of Uzbekistan by John C.K. Daly, OilPrice.com / Stockhouse 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) Rod Morris, Vice-President-OPIC in his presentation elaborated that Political Risk Insurance - PRI coverage is basically comprised of inconvertibility in the form of inability to get earnings, confiscation, breach of government contract or guarantee, denial of justice, etc. KCCI supports OPIC-USA stepping in Pakistan by Balochistan Times (Baluchistan Province, Pakistan)			income capitalization approach Income Deposit Security Income Dividend Income Elasticity of Demand Income Exclusion Rule Income Fund Income Immunization Strategies Income in respect of a decedent Income Investment Company Income Limited Partnership income limits income per share income property Income Risk Income Share Income Shares income statement Income Stock income stream income tax income-bond fund Income-Equity Fund income-producing property incompetent Incontestability Clause Inconvertibility Inconvertibility Coverage incorporate Incorporated Joint Venture Incorporation incorporation by reference incorporeal rights Incoterms increment Incremental Cash Flows Incremental Cost Incremental Cost of Capital Incremental costs and benefits Incremental default risk Incremental Internal Rate of Return Incubator incubator space Incumbency Certificate Incumbent incumbrance incurable obsolescence Incurred but not Reported Losses Indemnazion justa por expropiacion indemnification Indemnify Indemnity			incontrovertibility incontrovertibility incontrovertible incontrovertible Incontrovertible evidence incontrovertible incident incontrovertibleness incontrovertibleness incontrovertibly incontrovertibly INCONUS inconvenience inconvenience inconvenience oneself inconvenienced inconvenienced inconveniences inconveniences inconveniencing inconveniencing Inconveniency inconvenient inconvenient Inconvenient Truth of the Day inconveniently inconveniently Inconversable Inconversable Inconversant Inconverted Inconvertibility Inconvertibility Coverage inconvertible inconvertible inconvertible inconvertible bill Inconvertible Currencies Inconvertible Currency Inconvertible Money Inconvertible Paper Money inconvertibleness inconvertibleness inconvertibly inconvertibly inconvincability inconvincible inconvincible Inconvincibly Incony incoordinate incoordinately incoordination incoordination Incoordination of muscular movement INCOP INCOR Incordex INCORE Incoronate incorporable incorporable

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Inconvertibility