The Swiss franc was explicitly backed by gold until 2000, long after most rich countries had switched to fiat currencies.
These guarantees would not be entirely private, however, because they would be explicitly backed by the full faith and credit of the United States.
Last week, during an argument before the full bench of the Fourth Circuit Court of Appeals, the letter was cited by several judges who expressed reluctance about second-guessing the President's national-security determinations when they are explicitly backed up by his Cabinet.
Once that occurs, the current shareholders will again be able to reap the benefits of holding interests in government-sponsored enterprises (GSEs --only in this case, the two companies will not be implicitly backed by the GSEs --only they will be explicitly backed.
This is an important distinction, as true agencies are explicitly backed by the full faith and credit of the U.S. Government (making their risk of default virtually as low as Treasury bonds), while GSEs are private corporations that hold government charters granted because their activities are deemed important to public policy.
Edinburgh University's Moray House School of Education called for race to be "explicitly back on the agenda" after the referendum in June.
'Race' needs to be explicitly back on the agenda". They recommended updated advice for schools, more training for teachers and better recording of incidents of bullying and harassment to tackle the problem.
Unlike the BoE and the Fed, the ECB is not explicitly backed by its shareholders, which comprise the European Union's 27 national central banks.
Large-format film allows for scope and scale, richness and colour, and a tactility reminiscent of the kind of British Raj films that Branagh is explicitly throwing back to.
However the European Parliament is explicitly asked to back the functioning and development of the Multi-Stakeholder CSR Forum, including through the sectoral initiatives proposed in the Communication.
The subject of "Medardo Rosso, Madame X," a second video shown in the back room, is explicitly clear: it's a late-19th-century sculpture of a woman's head, with mysteriously eroded features.
