TERMIUM Plus®

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HARD CONVERTIBILITY [1 record]

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Alphabetical list of terms

Record 1 1994-11-22

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

Hard convertibility entails the right to freely exchange currencies at a given exchange rate. By definition,... hard convertibility [applies] to fixed exchange rate regimes.

French

Domaine(s)
  • Politique monétaire et marché des changes
CONT

La convertibilité [...] s'entend du droit de procéder librement à [...] [des] opérations [de change] à un taux de change donné. Par définition, la convertibilité rigide [s'applique] aux taux fixes.

Spanish

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