non-convertible
/ˌnɒn.kənˈvɜː.tə.bəl/ (bre, ipa) · /ˌnɑːn.kənˈvɝː.t̬ə.bəl/ (ame, ipa)
non-convertible — adjective
1. describing a currency or financial asset that the issuing country's rules will n
describing a currency or financial asset that the issuing country's rules will not allow people to swap freely for foreign money on open markets
Mayumi was warned that the local salary would be paid in a non-convertible currency she could not exchange abroad.
attributive: non-convertible + currency
Most of Sade's savings were stuck in a non-convertible account that the central bank had frozen during the crisis.
collocation: non-convertible account / funds
Foreign workers in the 1980s often received bonuses in non-convertible roubles, which were almost useless outside the Soviet bloc.
The new investor learned that shares in the state oil company were non-convertible into foreign currency without government approval.
Owen learned too late that his bond was non-convertible and could not become company shares.
- blocked
of currency or funds: prevented by regulation from leaving the country; narrower than non-convertible
- inconvertible
near-synonym, slightly more formal and dated; same finance meaning
- restricted
broader: any limit on use, not only exchange
- convertible
can be freely exchanged for another currency or converted into shares
文法句型
non-convertible + currency/funds
用法筆記
Mostly used in finance and economics writing. The opposite, 'convertible', describes money or securities that can be freely exchanged or converted into another form (foreign currency, company shares, etc.).