This is an opinion editorial by Nesrine Aissani, co-founder of the Zonebitcoin blog.
I was born in the 80s in an African country that had a so-called “non-convertible” currency. I think it forever shaped my way of thinking about “currency”, and I felt it was an injustice. This also became more and more apparent 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 for which one cannot exchange that currency on the international foreign exchange market. Outside the country, this currency has no value – it can 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 any country around the world.
