unconvertible

ADJECTIVE

used especially of currencies; incapable of being exchanged for or replaced by another currency of equal value

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How To Use unconvertible In A Sentence

World trade depends on the existing global system, which is one of paper currencies, separately managed and largely unconvertible. Times, Sunday Times
All will be made in unconvertible currency, and overissue will occur. Times, Sunday Times
On the other hand, foreigners, stuck with unconvertible greenbacks since 1971, have had no choice but to adopt dollars, rather than gold, as the world's reserve asset.