Inconvertible Currency

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Definition: Inconvertible Currency

Inconvertible Currency
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Full Definition of Inconvertible Currency

A type of currency that cannot be converted into gold, silver or any other unit of account held by a government’s central bank (here called physical inconvertibility), or a currency that cannot be exchanged at a financial institution for the value of that currency in that institution’s assets.

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https://payrollheaven.com/define/inconvertible-currency/
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Inconvertible Currency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/inconvertible-currency/.
Chicago Manual of Style (CMS):
Inconvertible Currency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/inconvertible-currency/ (accessed: April 20, 2024).
American Psychological Association (APA):
Inconvertible Currency. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/inconvertible-currency/

Definition Sources

Definitions for Inconvertible Currency are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.