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I believe we must start with convertibility in one or two economic sectors.
"The big question is how fast the Russians move to convertibility," he said.
Free convertibility is a major feature of a hard currency.
But there are certain prerequisites before we get to convertibility.
Convertibility for investment will not yet be permitted through the banks.
But full convertibility may take as long as five more years.
It will be a clear step toward full convertibility.
I believe in going step by step toward real convertibility.
But he declined to name a date for convertibility, saying it would come after a major price reform.
Convertibility This is an attractive feature and has a positive effect on price.
For term policies, they also recommend a feature called convertibility.
Argentina first adopted the policy known here as "convertibility" in March 1991.
However, there was still no international convertibility into gold.
The convertibility mechanism would have obvious appeal to both sides.
Rather than full convertibility, it provided a fixed price for sales between central banks.
In both cases, convertibility was resumed after the war.
Convertible bonds have value regardless of their convertibility to common stock.
But nobody seriously proposed the convertibility of the dollar into gold.
Readers should ascertain the situation regarding the convertibility of paper money in their own countries.
And instant convertibility depends on the availability of foreign credit.
Marx tends to assume the convertibility of paper money into gold.
Convertibility controls may be introduced as part of an overall monetary policy.
The latest deadline for convertibility was later this month.
And until it began to meddle with convertibility, that was the case in Argentina.
These notes still referred to the currency's convertibility to gold on demand.