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Convertible in sentence

68 examples of Convertible in a sentence

The CFA franc& is convertible in& euros and freely transferable to France, whose companies control the lion’s share of the franc zone’s private sector and receive most of its public contracts.
Second, China will have to make its currency convertible.
The range of currencies included in the SDRs would have to be widened, and some of the newly added currencies, including the renminbi, may not be fully convertible.
Not even China’s massive foreign-currency reserves – the world’s largest, at nearly $4 trillion – will be adequate to boost its financial leverage, unless the authorities create a deep and open bond market with liberalized interest rates and an easily convertible currency.
To be sure, China remains far from embracing a free-floating currency, let alone a fully convertible one, which would require further liberalization of controls on cross-border financial flows.
In many of the transition countries, inflation was brought down from majestic heights - 251% in Poland in 1989 - and all now have fully convertible currencies.
It is not freely convertible, and access to it is limited both inside and outside China.
In this context, the decision to retain the CFA franc, a freely convertible common currency that is pegged to the euro at a significantly overvalued exchange rate, is dubious.
Hong Kong is a world-class financial hub, and the Hong Kong dollar is the only convertible Chinese currency, making the city indispensable to China’s capital needs.
While China has taken minor measures to slow the increase in its dollar-denominated holdings, it has been unwilling to risk a fully convertible currency for domestic political reasons.
More important, as with China’s accession to the World Trade Organization in 2001, which required substantial reforms, fulfilling the conditions for joining the SDR promises to speed progress toward full capital-account liberalization – and thus toward a fully convertible renminbi.
Waiting for the Fund - Once a currency gets seriously under attack a meltdown will continue until the full IMF treatment (tight budgets, convertible currencies, bank reform) is applied.
Recent moves toward renminbi internationalization, a more open capital account, and wider currency trading bands leave little doubt that the endgame is a market-based, fully convertible renminbi.
According to this view, in a market economy with a convertible currency and free capital flows, the exchange rate cannot be manipulated without consequent adjustments to other dimensions of monetary conditions.
Recipient countries would have to pay the IMF a very low interest rate: the composite average treasury bill rate of all convertible currencies.
China’s lack of a fully liquid and convertible currency means that there will always be a fundamental divergence of exchange-rate regimes across the international monetary system.
And, thanks to a fully convertible ruble and the absence of restrictions on capital outflows, they can transfer their gains to offshore tax havens.
To be sure, the IMF rejected this proposition in 2011, because the renminbi did not yet meet the criteria of a freely convertible currency.
The IMF sought to make currencies convertible in commercial transactions but tolerated regulations of capital account transactions.
Lately, economies at all stages of development were pressured by the world financial establishments - national and international, official and private -- to liberalize financial markets and make their currencies fully convertible.
The one sticking point that remains is that the renminbi is not freely convertible, with China’s government having yet to eliminate capital controls.
Contingent convertible bonds, or “cocos,” have been proposed as a solution to this problem.
At a minimum, a reserve currency must be freely convertible for current-account transactions, such as commercial trade and interest payments.
To attain genuine reserve-currency status, however, it must also be freely convertible for capital-account purposes, such as foreign direct investment.
Under the gold standard, the dollar was convertible into gold at a fixed price of $20.67 an ounce.
Third, despite Chinese complaints, the dollar is likely to remain the major global reserve currency, owing to the depth and breadth of America’s capital markets, which China cannot match without making the yuan fully convertible and reforming its banking system.
Cuba should quickly make its currency convertible for trade, expand property rights, and (with considerable care and transparency) privatize some enterprises.
The renminbi, it was expected, would be “basically” convertible by the end of 2015, and fully convertible by the end of 2020.
In addition, China’s currency is not convertible on capital accounts; only a few foreign banks are allowed to operate, and only in certain regions; and no foreign off-shore banks operate in China.
If Shanghai is to become China’s international financial center by 2020, as China’s State Council announced in 2009, the renminbi must become fully convertible, and the SSE must begin to reflect China’s economic performance more accurately.
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