freely convertible currency

基本解释

While a single European currency will appear at the turn of the century, the Asian currencies that are freely convertible will continue to mature.
虽然一种单一的欧洲货币也许会在世纪之交出现，但是可以兑换的亚洲货币将会继续成熟起来。
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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.
第四条外国企业或者个人用于出资的货币应当是可自由兑换的外币，也可以是依法获得的人民币。
Foreign investors shall pay the transfer price in freely convertible currencies.
外商应当以自由兑换货币支付转让价款。

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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