Currency inconvertibility

{
  "id": "MLC-T-INS-001050",
  "term": "Currency inconvertibility",
  "field": "Insurance and risk management",
  "definition": "The inability of an investor to convert local currency, earned from investments in a foreign country, into hard currency for repatriation. This risk arises from government restrictions, exchange controls, or a lack of available foreign exchange. Political risk insurance policies often provide coverage for losses incurred due to currency inconvertibility, protecting international investors.",
  "url": "https://mlchart.com/terminology/insurance/currency-inconvertibility/"
}