English to Somali Meaning :: inconvertible

Inconvertible :
- inconvertible

Show English Meaning

Adjective(1) used especially of currencies; incapable of being exchanged for or replaced by another currency of equal value(2) not capable of being changed into something else

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(1) Externally inconvertible currencies may be of rather limited value to their holder.(2) ‘Don't try to convert the inconvertible ,’ he counsels.(3) These citizens will be issued a non-extendable and inconvertible 30-day stay permit free of charge.(4) The economics profession is a fiat phenomenon in the same sense as inconvertible paper money.(5) Thus, the Bank of England's suspension, known as the English Bank Restriction, set the pernicious example that inconvertible bank notes were as ‘good as gold,’ and furnished an abundant sea on which to float bonds.(6) The historian Sumner added that they had the effect of driving specie from circulation, creating a currency of inconvertible and depreciated paper, and fueling a business cycle of boom and bust.(7) This, most regrettably, has gone much beyond a precarious domestic Credit scheme and a foray into inconvertible currencies.(8) During part of the period, the United States was on an effective gold standard, during part, on an inconvertible paper standard with floating exchange rates, during part, on a managed paper standard with fixed exchange rates.(9) Helleiner says that earlier experiences with inconvertible money, which were seen as leading to inflation and periodic crises, added strength to the liberal advocacy of goldconvertible currencies and disciplined monetary policies.(10) The camera still tended toward the production of noisy clusters of qualitative, subjective, illegible, and inconvertible stuff.(11) Columbia's civil war began in 1885 leading to the issue of inconvertible paper.(12) It is a dominant, but inconvertible , currency.(13) Nevertheless, he and his secretary of the treasury, took the decision to declare the dollar inconvertible and disrupt the international monetary system.(14) It is not so, however, with an inconvertible currency.(15) For example, Russia was the first country to decimalize its currency and the third country (after China and France) ‘to make sustained use of inconvertible paper money.’(16) But if they are uncovered, then they will affect the demand for metallic money whether they are convertible or inconvertible .
Related Words
(1) inconvertible ::
1. unexchangeable ::
2. unconvertible ::
English to Somali Dictionary: inconvertible

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