Legal Dictionary

Convertibility

Possibility legal de acquire with the currency national that of any other country, until the first war worldwide, given the stability monetary system of the world, convertibility was not put into effect fabric of judgment. After 1914, in the face of the devaluation processes caused by wars and by regimes of economic or social frustration, restrictions and control of cultural, (v.), to reduce the convertibility of the currency itself in most countries currencyThe rate in other countries remains the same, although in many cases the rates are very low.

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