kənˌvər]d.əˈbiləd.ē, -və̄], -vəi], ]təˈ-, -ətē, -i noun
( -es )
1. : the quality of being convertible ; specifically : the ability of currency to be exchanged for gold or other currencies without restriction
a bilateral convertibility of the currencies of the two friendly countries
2. : the ability, the freedom, or the right to exchange a currency for gold or other currencies without restriction
the two countries adopted a mutual convertibility