Convertibility of the currency is a gargantuan barrier.

货币的可兑换性就是一个巨大的障碍。

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Members examined the possible theoretical advantages of a two-way Convertibility undertaking and noted that a number of other Currency Board systems had such an undertaking in place.

委员会研究了双向兑换保证理论上的好处，也获悉多个其他货币发行局制度也有这种承诺。

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We may at our discretion, accept payment in another currency due to, for example, the non-convertibility of local currency.

由于当地货币不能兑换等原因，我们可以自行决定接受其它种类的货币。

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It was supposed to maintain the convertibility of the currency into gold.

它的作用在于保持,货币与金子间的转换。

耶鲁公开课 - 金融市场课程节选

The old gold standard was supposed to maintain the convertibility of gold in currency but now we're not even backing it with currency anymore with gold anymore ? so what does it mean?

旧的金本位制度目的在于,保持金子与货币的转换功能,但是现在我们甚至都,不用货币来支持它了，或是用金子,所以这意味着什么呢？

耶鲁公开课 - 金融市场课程节选

First, it forces the issue of full convertibility of the Chinese currency.

FORBES: Shanghai's International Board

But they suffer from limited currency convertibility and a lack of investment opportunities.

ECONOMIST: Syria's government bonds

In the absence of convertibility into specie, there must be a monetary rule to anchor the nominal value of paper currency.

FORBES: The Limits Of Monetary Policy Call For Moral, Sound Money