0 the fact of being able to exchange one type of currency, share, etc. for another:
currency convertibility
Monetary instability was lessening towards the restoration of convertibility.
Convertibility was finally restored in 1867 (at 1864's actual prices) and lasted until 1876.
I didn't think we were going to make a change in exchange rates without, in effect, suspending dollar convertibility into gold for a while.
The orthodox gold supporters attained a resumption of convertibility, but the voices for employment and against deflation attained a significant devaluation from the pre-war parity.
Progress towards full convertibility was a decisive step in the full politicization of industrial relations.
The financial gold standard was defended as a universal standard that liberated international trade by ensuring convertibility.
The draining of reserves in the debtor countries accelerated and monetary policy was tightened to ensure gold convertibility.
The progress of sterling towards convertibility had immense consequences for macroeconomic policy and broader, domestic political economy.
