Talk:Convertibility

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Commodity money[edit]

This section does not cite references or sources because it is ahistorical and incorrect. It should be removed. — Preceding unsigned comment added by RaulGroom (talk • contribs) 18:40, 25 January 2011 (UTC)[reply]

Flaw in defintion[edit]

Under the contemporary international currency regimes, all currencies' inherent value derives from fiat, thus there is no longer any thing (gold or other tangible store of value) for which paper notes can be redeemed.

That statement is flawed - a very "suiting the Americans" definition. Convertibility is backed by the forex assets of the central bank, and everyone is aware as to who broke the Bretton-Woods system — Preceding unsigned comment added by 106.51.233.201 (talk) 06:58, 30 June 2016 (UTC)[reply]