More paper-money had to be issued, unrepresented by bullion, and unconvertible.
Demoralization follows in the train of an unconvertible paper money.
late 14c., from Old French convertible (13c.), from Late Latin convertibilis "changeable," from Latin convertere (see convert (v.)). The noun is recorded from 1610s; meaning "automobile with a fold-down top" is from 1916.