This is an opinion editorial by Nesrine Aissani, cofounder of the Zonebitcoin blog.
I was born in the ‘80s in an African country that had a so-called “non-convertible” currency. I think that forever marked my way of thinking about “currency” and I felt that was an injustice. This also became more and more evident when I discovered Bitcoin and when I used it as a medium of exchange.
Here, I will try to explain what I mean.
A non-convertible currency is one that one cannot exchange that currency on the international foreign exchange market. Outside the country, this currency has no value — it may also be referred to as locked money. For example, the Indian rupee is a semi-non convertible currency outside of India while dollars can be exchanged in all countries around the world.
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