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The zloty was devalued to allow for convertibility.
Where practicable, the President shall also make arrangements to provide for convertibility of local currencies for the United Seamen's Service, in connection with its activities under subsection (a).
"Promote interest rate liberalization, force financial institutions to raise their competitiveness and capacity for innovation, and lay the foundation for convertibility of the renminbi capital account," it says.
The report sets tough macroeconomic criteria, including lower inflation and a huge drop in the budget deficit, as preconditions for convertibility.
Metrics for convertibility are proposed in this paper so that different manufacturing systems can be compared with respect to this area of performance.
People's Bank of China Governor Zhou Xiao-chuan has said that while there's no timetable for convertibility, the offshore yuan market is developing faster than the central bank anticipated.
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Metrics for quantifying convertibility are useful for comparing system configurations during the early phases of design, with out requiring detailed product or process plan Information.
Last year, Chinese officials often used 2000 as an unofficial target for full convertibility, when anyone can exchange yuan for dollars on demand.
In May, a State Council meeting presided over by Mr. Li said that by the end of the year the government would outline a plan for full convertibility of the renminbi and make it easier for Chinese individuals to invest.
The ethnography shows that there are more than one set of criteria for potential convertibility in heterogeneous American society, and that some capitals are convertible only within the Thai American community.
However, the calibrations were developed to predict forage nutritive parameters such as crude protein (CP), neutral detergent fiber (NDF), and acid detergent fiber (ADF) for composition, and various in vitro organic matter digestibility assays for carbohydrate convertibility [ 17, 25].
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