1. He has argued for the introduction of a convertible currency parallel to the existing non-convertible rouble. 2. Perhaps in two or three years we will have a convertible currency. 3. The reserves are composed of convertible foreign currencies, gold and International Monetary Fund special drawing rights. 4. There is still no mobile phone system, no credit cards and no convertible currency. 5. ...the introduction of a convertible currency. 6. Nevertheless, the progressively more complete operation of the system of pegged exchange rates between convertible currencies undoubtedly assisted the massive expansion of trade which occurred. 7. And Weisbrot recently argued that China, which does not have a convertible currency at all, has weathered the crisis better than many neighbors. 8. As part of the reforms, a new convertible currency, to be called the hrivnia, is to be introduced in about four months. 9. Foreign investment barely existed, and some countries did not even have convertible currencies. 10. Nations that courted foreign multinational investment and followed U.S. advice to keep their markets open and their currencies freely convertible have suffered most. |