Uzbekistan also last year introduced free convertibility of the Uzbek currency, the som, but cash shortages have since been a problem.
12.
The move signals that the government will go ahead with the introduction this year of the long-awaited free convertibility of the som.
13.
But so far, foreign businesses have yet to return in force, mainly because of the lack of free convertibility of the country's currency.
14.
While the technical arguments are sound -Chinese banks ability to set the rate; lack of free convertibility; etc- the underlying principles are being ignored.
15.
The official told Interfax that the IMF experts believe that the Central Bank's move violates the fund's charter, which requires free convertibility of national currencies.
16.
Azimov said the former Soviet republic will next Wednesday formally sign Article 8 of the IMF charter, requiring members to guarantee free convertibility of their currencies.
17.
The CFA franc and the Comorian franc are linked to the euro at fixed rates with free convertibility maintained at the expense of the French Treasury.
18.
While hindsight has not been kind, there was method to the seeming madness of all those economists who pressed developing countries to allow free convertibility of currencies.
19.
A key issue of concern to the IMF and international investors has been free convertibility of the country's currency _ a topic virtually unaddressed in Karimov's speech.
20.
Azimov said the former Soviet republic will next Wednesday formally sign Article 8 of the IMF charter, which requires members to guarantee free convertibility of their currencies.
