inconvertible

How To Use inconvertible In A Sentence

• I believe that my friend is a little stiff and inconvertible in his own opinions, and that there is another side to be heard; but so much wisdom seemed to lie under his statement, that it deserved a record. Uncollected Prose
• For example, Russia was the first country to decimalize its currency and the third country (after China and France) ‘to make sustained use of inconvertible paper money.’
• Because whatever you might say about its graphics, the principles – the simple 14 words – are inconvertible. The Canada Line Opens « Stephen Rees's blog
• These citizens will be issued a non-extendable and inconvertible 30-day stay permit free of charge.
• The historian Sumner added that they had the effect of driving specie from circulation, creating a currency of inconvertible and depreciated paper, and fueling a business cycle of boom and bust.
• Helleiner says that earlier experiences with inconvertible money, which were seen as leading to inflation and periodic crises, added strength to the liberal advocacy of goldconvertible currencies and disciplined monetary policies.
• But if they are uncovered, then they will affect the demand for metallic money whether they are convertible or inconvertible.
• Thus, the Bank of England's suspension, known as the English Bank Restriction, set the pernicious example that inconvertible bank notes were as ‘good as gold,’ and furnished an abundant sea on which to float bonds.
• Large chunks of U.S. cash are held abroad, where they are sometimes used in large quantities for black market transactions and as stores of value in countries whose own currencies are inflationary or inconvertible. Back to the Macro Text, Bryan Caplan | EconLog | Library of Economics and Liberty
• In summation, the Americans were suffering the natural aftereffects of a long war financed by debt and inflation, and exacerbated by the continuing circulation of inconvertible paper currency.