freely convertible currency

基本解釋

While a single European currency will appear at the turn of the century, the Asian currencies that are freely convertible will continue to mature.
雖然一種單一的歐洲貨幣也許會在世紀之交出現(xiàn)，但是可以兌換的亞洲貨幣將會繼續(xù)成熟起來。
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Article 4 The money which a foreign enterprise or individuals uses as investment shall be freely convertible foreign currencies, or may be RMB that it or he has lawfully earned.
第四條外國企業(yè)或者個人用于出資的貨幣應當是可自由兌換的外幣，也可以是依法獲得的人民幣。
Foreign investors shall pay the transfer price in freely convertible currencies.
外商應當以自由兌換貨幣支付轉讓價款。

Then, the convention was that currencies were freely convertible not to gold—but to other currencies that were themselves theoretically convertible to gold (read: the dollar and sometimes the pound).
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