Sentence examples for the convertibility from inspiring English sources

"Suspensions" of the convertibility for bank notes into specie were disappointingly frequent.

The convertibility of the dollar alone at the established price of $35 per ounce became the foundation of the system.

Floyd Norris has a good piece about Argentina's exit from the convertibility law as a precedent for possible euro exit.

There are also plans to experiment with the convertibility of China's tightly controlled currency, the yuan, and let market forces rather than regulators set interest rates.

"Given the quantitative easing of the Fed and the risk of worldwide inflation, it is understandable why China would want to accelerate the convertibility of the renminbi".

Ever since Richard Nixon ended the convertibility of the US dollar into gold in 1971, there have been calls for a return to some form of gold standard.

The only reason Argentina was able to hold its head above water before then was the convertibility system, with all its flaws.

Nixon imposed wage and price controls to stem inflation, and Secretary of the Treasury John Connally abruptly suspended the convertibility of dollars to gold.

The Bank of England suspended the convertibility of its notes to gold from 1797 to 1821 to enable it to better finance Britain's wars with France.

His argument was that of the so-called antibullionist, or banking, school, which believed that the convertibility of notes was the only requirement for the stability of currency.

But when the United States ran large deficits, doubts arose regarding the ability of the United States to maintain the convertibility of the dollar into gold.