inconvertible
- adjective
- /ˌɪnkənˈvɜːrtəbl/
- Specialized
:
inconvertible
- But for now, the renminbi remains inconvertible.
- inconvertible paper money
- inconvertible paper
Examples
-
Many investors avoid inconvertible currencies because they cannot easily trade them for other currencies at a fair value.
-
Their currencies are inconvertible, and their price structures are largely divorced both from domestic and from foreign scarcity relationships.
Academic text (1991) -
We now have a world monetary system in which governments, through central banks, monopolize the supply and management of inconvertible fiat monies.
Academic text (1993) -
In some countries, the local currency is inconvertible, making it difficult for travelers to exchange it for foreign money.
-
During times of economic instability, people prefer to hold inconvertible assets that are less affected by market fluctuations.
Synonyms
1
7.3
You cannot return or change it after you buy it
1
6.0
People cannot buy, sell, or exchange it
You cannot exchange it for another currency or asset
You cannot change or exchange it for something else
Cannot be sold or exchanged for money
You cannot buy or sell it in a market
Paper money not able to be exchanged for coins or gold
Not replaceable because it is one of a kind
You cannot swap them without changing the meaning or how they work
Antonyms
How Convertible
11
4.8
- Specialized
Surface Forms
Morphology
inconvertible = convertible (transparent) = in + convert + ible
This is a straightforward negative prefix added to 'convertible', yielding the meaning 'not convertible'.
Etymology
Inconvertible comes from in- meaning 'not' and convert meaning 'to change or exchange', from a root that means 'to turn'. So when money is inconvertible it is 'not able to be exchanged' for other currency, which is why the word is used for unexchangeable money.