Several Havana residents interviewed by this journalist have many doubts about holding on to savings in CUPs because of their uncertainty as to what the fixed parity between the Cuban peso and the convertible currency
will be on Day Zero.
Repatriation of revenues and profits outside of Jordan, in a convertible currency
, earned by virtue of the investment;
Two, India's unwillingness to make the rupee a fully convertible currency
also means it must use a mutually acceptable currency.
Bahrain has a more liberal economy, it's competitive, value-oriented, has the lowest tax, 100pc ownership in business and real estate and has a freely convertible currency
Tunisia plans to ease some restrictions on the movement of capital in preparation for a planned switch to a fully convertible currency
Mayaleh's next big effort is to complete the liberalisation of the current account and move to a fully convertible currency
an advantage: it had the only convertible currency
, and so could issue domestic currency to pay its import bills.
00 or its equivalent in a convertible currency
and an account will be opened for this purpose for deposit of tourists expenses.
China is said not to have a convertible currency
and lack transparency in economic system.
The amount to be invested by a foreign investor is at least $500,000 or the equivalent in any freely convertible currency
deposited in the Bank of South Sudan," reads the Act.
The government is attempting to reform the renminbi regime by adopting a flexible exchange rate and turning the renminbi into convertible currency
Cuba introduced the convertible currency
in 1994 when Cubans started receiving remittances from relatives in Florida to help them weather an economic crisis triggered by the break-up of Havana's benefactor, the Soviet Union.