The launching of the convertibility regime was a landmark in the 1990s in Argentina. |
They expect Hong Kong to eventually become a testing ground for convertibility of the yuan. |
The government has promised convertibility of the yuan and interest-rate liberalisation within the area, as it experiments with economic reforms. |
The yuan is already convertible in the current account, but tough controls are still imposed on the currency's convertibility in the capital account. |
With increasing convertibility on the capital account, they will also attract undue attention from currency speculators. |
Sovereign risks include nationalisation, expropriation, currency convertibility, breach of contract, war, and riot. |