Inconvertible Definition

Inconvertible Sentence Examples

• The country was still labouring under the curse of an inconvertible currency originatingwith the Legal Tender Act res - paperY g dncy.

• The first of these mistakes was a measure making (January 1885) the currency inconvertible for a period of two years.

• On the 31st of August of the same year a series of proposals upon the currency question was submitted to congress by the president, whose real object was to counteract the too rapid appreciation of the inconvertible paper money.

• In 1878 depreciation had set in, and the inconvertible paper had by the close of 1881 grown to such an extent that it was then at a discount of 80% as compared with silver.

• President Montt then took in hand the question of a reform of the currency, the abolition of inconvertible paper money, and the re-establishment of a gold basis as the monetary standard of the republic. This reform of the currency became the keynote of the president's policy during the remainder of his term of office.