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inconvertible
(redirected from inconvertibility)

   Also found in: Dictionary/thesaurus, Financial 0.01 sec.


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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.
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.
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.
 
 
 
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