convertibility

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English

Noun

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convertibility (uncountable)

  1. The quality of being convertible
  2. The quality of a currency of being exchangeable for gold or other currencies
    • 2023 March 30, Federico Rivas Molina, “Javier Milei, the unclassifiable Argentine politician”, in El País:
      When it comes to Argentina, model is the 1990s, when the convertibility plan established by President Carlos Menem pegged the peso to the dollar and completely ended hyperinflation.

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