Currency inconvertibility, exchange restrictions or war can delay or altogether prevent the recovery of monies due. |
The cover required to deal with exchange rate and inconvertibility risk are very different in nature. |
Naturally, as a faithful devotee of the Quantity Theory, he helped create, he was also opposed to the inconvertibility of paper currency and the bimetallist movement. |
But venture capitalists are unwilling to invest in unlisted companies since they cannot retrieve their profits due to the inconvertibility of the yuan. |