internal convertibility

Internal convertibility of the domestic currency was introduced in November 1991.

We had to suspend internal convertibility.

This was described as a step towards internal convertibility by 1992, and to meet conditions set by the International Monetary Fund (IMF).

The Czechoslovak government on Jan. 1 launched its long-awaited first package of market economic reforms, featuring price liberalization, privatization of small businesses, and internal convertibility of the koruna.

A Yen for Zlotys To the visiting Soviet workers, the most important feature of Poland's economic program is the internal convertibility of the Polish currency, the zloty.

Mr. Attali, reporting that he and Mr. Gorbachev had discussed the importance of achieving "internal convertibility" of the ruble as a first step in getting Soviet inflation under control, was asked what that term meant.

The new economic deal, worked out by the Deputy Prime Minister, Mr Leszek Balcerowicz, aims to expand the private sector in trade and industry, reform banking and financial systems and introduce the internal convertibility of the Polish currency, the zloty.