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Late last year, OPIC announced that it would reinstate inconvertibility coverage for OPIC-eligible investment projects in Russia on a case-by-case basis.
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.
Currency inconvertibility coverage compensates investors if new currency restrictions are imposed which prevent the conversion and transfer of remittances from insured investments, but it does not protect against currency devaluation.