于是他们放弃了英镑的可兑换性。
货币的可兑换性就是一个巨大的障碍。
宏观上可见的主要障碍就是：人民币缺乏可兑换性。
The chief roadblock is macro:the yuan's lack of full convertibility.
作者提示，货币的可兑换性引发了某种市场心态。
The authors suggest that the exchangeability of currency invokes a market mindset.
他们看来担心在人民币可兑换性上会给他们更大的压力，超过他们愿意接受的程度。
They seem to be worried it will put more pressure on them to move towards currency convertibility than they would like.
在1931年，他们放弃了英镑的可兑换性，仍然叫做英镑的话，即便它不是银，而是金。
In 1931 they dropped convertibility of the pound sterling still called pound sterling even though it's not silver it was gold.
由于外援而造成的国外的美元过剩，资本的输出和长期的国际收支逆差迫使美国正式中止了黄金的可兑换性。
The surplus of dollars abroad from foreign aid, capital exports and chronic balance of payments deficits forced the U. S. to formally suspend gold convertibility.
玛缀丽：由于外援而造成的国外的美元过剩，资本的输出和长期的国际收支逆差迫使美国正式中止了黄金的可兑换性。
Thee surplus of dollars abroad from foreign aid, capital exports and chronic balance of payments deficits forced the U. S. to formally suspend gold convertibility .
至于现时有待我们处理及研究的课题就是：在货币发行局规则下该三个主要组成部分与美元的可兑换性，以及三者之间互相转换的问题。
The convertibility of each of the three components into US dollars, in accordance with the requirement of a Currency Board, and the transferability amongst them are the issues at hand.
至于现时有待我们处理及研究的课题就是：在货币发行局规则下该三个主要组成部分与美元的可兑换性，以及三者之间互相转换的问题。
The convertibility of each of the three components into US dollars, in accordance with the requirement of a Currency Board, and the transferability amongst them are the issues at hand.
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