[ noun ] the quality of not being exchangeable <noun.attribute> the inconvertibility of their currency made international trade impossible
Inconvertibility \In`con*vert`i*bil"i*ty\, n. [L. inconvertibilitas.] The quality or state of being inconvertible; not capable of being exchanged for, or converted into, something else; as, the inconvertibility of an irredeemable currency, or of lead, into gold.
But tangible results have been few, largely because of continuing bureaucratic hurdles and the inconvertibility of the ruble to Western currencies.