- [currency/banknote] inconvertibleMore example sentences
- This, most regrettably, has gone much beyond a precarious domestic Credit scheme and a foray into inconvertible currencies.
- 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.
- 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.
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The PAN (Partido de Acción Nacional) is the political party that won the Mexican general elections in 2000, breaking the Partido Revolucional Institucional's record of 71 years in power. PRI - Partido Revolucionario InstitucionalPAN was founded in 1939 as a conservative alternative to President, Lázaro Cárdenas. It presents an image of being a defender of popular causes, but takes an individualistic approach to matters of education and property. Its traditional policies include limiting state intervention in the economy to a minimum and bringing about a greater rapprochement between the government and the church.