What did radically transform at the Reserve Bank of India between April 15, 2012, and April 10, 2015, to take a diametrically opposite view on full capital account convertibility
(CAC), that too in a country as ill-prepared as ours?
An Indian central bank official has said that the nation should go for full rupee convertibility
The launch of a free-trade zone in Shanghai is in line with Beijing's efforts to finalize, by the end of this year, an operational plan for the eventual full convertibility
of the yuan.
China is on the path to full currency convertibility
-- allowing large sums of a currency to be exchanged into a foreign currency without requiring regulatory approval.
If the highest standard of measurement is to have wholly unrestricted convertibility
, then so many developed countries have not achieved 100 percent full convertibility
," Zhou said.
Multi-industry company Textron Inc (NYSE:TXT) stated on Thursday the continued convertibility
of its 4.
The downgrades and the change in the transfer and convertibility
assessment mirror the adverse effect of the former rule of Ben Ali on Tunisia's fiscal, external and growth profiles.
The logic behind convertibility
was that, since the nominal exchange rate was fixed at a parity of 1:1, Argentina's inflation rate should decrease and converge to the United States' level, assuming that purchasing power parity (PPP) would hold.
Taiwan banks received a green light Monday from the central bank to begin currency convertibility
services between the local dollar and Chinese yuan in preparation for deepening links between the island and China.
of Delhi, India) explains in her introduction, refers to the ease with which domestic currency can be traded for foreign currency for a particular usage and at a given exchange rate and consists of current account convertibility
and capital account convertibility
might make it possible to recover and reuse the compounds, according to the researchers' report.
The objective of this paper is to examine whether India has reached a stage of financial development when full capital account convertibility
could be introduced.