👉 Nonconvertible refers to an object or asset that cannot be converted into another form of currency, such as gold, platinum, or precious metals. These assets are often used in investment strategies, where they can be held for a long period without losing their value due to inflation or market fluctuations. Nonconvertibility can also refer to the process of converting one type of currency (like gold) into another (like silver), which is not possible with nonconvertible assets.
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