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They are inconvertible and are declared by the government money.
There are high costs, delays and an inconvertible currency.
Inconvertible money is money that cannot be converted into gold and silver.
However, the publishers would be paid in inconvertible Reichsmarks only.
However, the modern system of inconvertible paper money, backed by the authority of states, poses greater problems.
In Washington, advocating a dollar anchored to a commodity base has, to date, been preaching to the inconvertible.
Therefore, most countries currencies were still basically inconvertible.
This is a penalty that Yugoslavia pays for the large share of its foreign trade which it carries on with countries having inconvertible currencies.
The world monetary system was glutted with over $60 billions of inconvertible reserves.
Notes and coins are inconvertible money.
By 1745, its paper money was inconvertible to specie, but acceptance was mandated by the government.
'Some sort of inconvertible evidence, an alibi that only she can prove?'
Thus, it is an illusion that any physically inconvertible currency is necessarily also unbacked.
Two world wars resulted in most notes issues becoming inconvertible; in other words notes could no longer be converted into gold at banks.
Like so many other currencies, the sucre became inconvertible shortly after World War I began in 1914.
The Indian currency, the rupee, was inconvertible and high tariffs and import licensing prevented foreign goods reaching the market.
In 1886 there was a financial crisis owing to the failure of two banks, Bell as treasurer stated that he intended to issue "inconvertible government notes".
The bishops relented and added a clause, saying that, according to the decision of Leo, in Christ there are two natures united, inconvertible, inseparable.
They abhor men as tasteless, dull, and inconvertible, and console themselves with color-bags, and blocks of marble.
Primarily in western states such as Tennessee, Kentucky and Illinois, whose state banks suspended specie payments and issue large amounts of inconvertible notes.
While Uruguay's neighbors, Argentina and Brazil, were obliged to use inconvertible paper currency, Uruguay continued to use gold.
The currency question facing the US in the 1890s was the choice between alternative monetary standards: inconvertible paper, gold monometallism and gold/silver bimetallism.
Madagascar left the CFA franc zone in 1972 and the Malagasy franc was declared inconvertible.
Mitchell's thesis, published as A History of the Greenbacks, considered the consequences of the inconvertible paper regime established by the Union in the Civil War.
Bristow, Morrill advocated the gold standard having viewed paper money was "irredeemable and inconvertible" and "essentially repugnant to the principles of the Constitution."