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Definition: Convertibility
Category: IMF terminology
The ability to freely use a currency for international transactions by the residents of any country. http://www.imf.org/external/np/exr/glossary/showTerm.asp
Source:
International Monetary Fund (IMF), "Online glossary of selected financial terms" (as per March 15th, 2008), International Monetary Fund, Washington D.C., 2008
International Monetary Fund (IMF), "Online glossary of selected financial terms" (as per March 15th, 2008), International Monetary Fund, Washington D.C., 2008
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