Reforms do not necessarily mean free-floating yuan, says PBOC chief Central bank chief Zhou Xiaochuan said on Monday that the country's goal to achieve the yuan's capital account convertibility ...

Convertibility is a jawbreaker with a simple meaning. With convertible currency a man who earns money in foreign trade can change it into any other currency, spend it where he likes, without any ...

It is not necessary to have convertibility to have a gold standard system. A currency manager (central bank) can maintain the value of its currency at a gold parity without this feature ...

Laurence Clarke, CURRENCY CONVERTIBILITY, CAPITAL MARKETS AND MONETARY MANAGEMENT: SOME PARADIGMS FROM SOUTHERN AFRICA AND THE CARIBBEAN, Social and Economic Studies, Vol. 45, No. 2/3, Special ...

“For the central bank, I think the next movement related to the yuan is going to be reform of convertibility,” Zhou Xiaochuan said at a conference in Beijing on Nov. 17.

The process of capital account convertibility is likely to receive a further push this year, as the government and Reserve Bank of India (RBI) move towards allowing greater foreign participation ...

Mr Rajan called in April for full convertibility in "a short number of years", having first raised the prospect when he took office in 2013. Mr Rajan however warned the central bank is still hesitant ...

In May 2003, Russian President Vladimir Putin announced that the Russian ruble would be made fully convertible by the end of the decade. Over the next year, he steadily moved up the target date for ...

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ONLY FIVE YEARS AWAY? In that case, I have a bet to offer - the contents of my wallet on straight odds that August 2010 will not see full convertibility of the yuan. Be quick. I am not taking on ...