不可兑换货币 non-convertible currency
- 严峻的挑战还在后面:中国的货币不可自由兑换;
Daunting challenges lie ahead: China's currency is not convertible; - 外汇管制是对一国货币的持有者将其兑换成他国货币的限制,因此表现为货币的不可兑换。
Exchange control restricts the right of holders of a currency to exchange it for other currencies.It thereby renders a currency inconvertible. - 到目前为止,中国的货币政策一直都是限制其参与国际货币改革的因素之一,特别是人民币不可自由兑换的政策。
Up to now, one limit to China's ability to contribute to global monetary reform has been its own currency policy, particularly the fact that the yuan is not convertible.
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