...国家和地区，都是首先实行经常项目下的货币可兑换，逐步过渡到资本项目的可兑换，最终形成货币的完全可兑换(full convertibility)。中国应注意吸取这些经验中有益的成份。
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... 充分可兑换性 full convertibility 实际可兑换性 de facto convertibility 对外可兑换性 external convertibility ...
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... convertibility for residents 居民帐的可兑换性... full convertibility 完全兑换性 convertibility system 兑换制度 ...
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The chief roadblock is macro:the yuan's lack of full convertibility.
宏观上可见的主要障碍就是：人民币缺乏可兑换性。
Yet while the swap arrangements do not signal full convertibility, they are an important step in that direction.
然而，尽管货币互换协议并不意味着完全自由兑换，却是朝着自由兑换迈出的重要一步。
China seems in no hurry to move towards full convertibility of the yuan and greater exchange-rate flexibility.
中国似乎并不急于朝全面的人民币可兑换和更灵活的汇率机制靠拢。
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