noun, noun or participle which takes 'suru', transitive verb
conversion (of paper money into specie)
Technical financial term, primarily historical, referring to the exchange of paper currency for gold or silver coins (specie). Often used in the context of the gold standard or pre-modern monetary systems.
日本銀行はかつて兌換券を発行していた。
The Bank of Japan once issued convertible banknotes.
政府
The government suspended the conversion of paper money.