convertibility

IPA: kɑnvɝtɪbˈɪɫɪti

Examples of "convertibility" in Sentences

He was adamant that "convertibility" would be the cornerstone of his policy - and he kept his word when he got the job in December 1999.
Argentina, trying to put an end to years of runaway inflation, pegged its peso to the dollar through a so-called convertibility program in 1991.
Under the IMF's classification, even if Japan were to buy Chinese bonds, they would not be counted as foreign reserves, as only assets with currency convertibility qualify.
Note that the element of convertibility is not a prerequisite; it is sufficient only to commit to the price of gold becoming the "alarm signal" for the real bills doctrine to work.
On the other hand, if they were to be founded on mutual trust and a real understanding of the basic principles of trade, then I believe 'convertibility' could not only be achieved, but achieved soon.
And as with Argentina's pre-2002 "convertibility" regime, which rigidly pegged the Argentine peso to the dollar, Greece is denied the one policy option that could ease its economic pain: a currency devaluation.
Hiroshi Watanabe , who served as Japan's top financial diplomat overseeing its foreign exchange policy, said he was not entirely in favor of Japan holding yuan assets given the currency's lack of full convertibility, but added that Tokyo's purchases despite the constraint would highlight the anomaly and would send a message to Beijing to speed up its efforts to make the yuan more flexible.