partial convertibility
... gold convertibility: 黄金兑现 partial convertibility: 部分兑换性 monetary convertibility: 货币兑换 ...
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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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