Bank reserves were in silver coins, and banknotes were convertible solely into silver.

The renminbi is still non convertible.

Working capital is measured through the difference between resources in cash or readily convertible into cash (Current Assets), and cash requirements (Current Liabilities).

Second, China will have to make its currency convertible.

The regular resources cash balance at the end of 2004 was 329 million, consisting of 318 million in convertible currencies and 11 million in non convertible currencies.

Table 5 Non convertible currencies held at 31 December 2004

(The yuan should be included as soon as China makes its currency convertible.)

Contingent convertible bonds, or cocos, have been proposed as a solution to this problem.

The equivalent of 1,491,424 ( 1,099,180) is held in currencies classified as non convertible, as follows

Finally, solvency rules should be complemented by an obligation that banks issue a substantial amount of non collateralized debt on the order of 100 of their capital that is convertible into equity.

The financial plan for 2004 recommended a minimum regular resources convertible cash balance of 79 million.

Such upgrading enhances sector and firm competitiveness, and translates into greater world market shares in tradeable goods and services.

Participation shares

That the exported goods are furnished against foreign currency convertible within three months of the date of shipment.

Table 5 shows details of the United States dollar equivalent of non convertible currencies held at 31 December 2004.

Ideally, bank creditors would not lose money, because their fixed interest claims would be converted into bank shares of similar value.

Meanwhile, journalist Sara Hussein, who was just able to cross into Gaza, shares a photograph people lining up outside a bakery.

This can be done by putting these assets into national wealth funds and distributing the funds shares to citizens at no cost.

She shares how these clubs have created a safe space for these women and turned them into agents of change as well.

The lesson of the 1960 s suggests that a fully convertible renminbi could rapidly become a major international reserve currency.

Enas shares her pain

OIOS shares that view.

Stefan Sagmeister shares happy design

Ross Lovegrove shares organic designs

Janine Benyus shares nature's designs

Juan Enriquez shares mindboggling science

monasosh shares a personal detail

Dino Gligic shares this opinion

Asmaa shares the same fear.

Rawah Badrawi shares some history

Yasmine Khalifa shares similar sentiments

Every village shares this plight.

My Government shares that view.

On Lockerz, Maysaa Alamoudi shares a photograph of a copy of one of his poems, that allegedly landed the poet into trouble with the law.

However, developing countries can only convert their competitive advantage into increased market shares if markets function in a way that is not impeded by distortions.

Financial contributions to accounts established under Article 18 shall be payable in freely convertible currencies and shall be exempt from foreign exchange restrictions.

Amy Smith shares simple, lifesaving design

David Hoffman shares his Sputnik mania

Also, Nawara shares echoes similar sentiments.

Finally, Egyptian Wael shares this link

And he shares this image too

Noon Arabia also shares reactions here.

Haiti shares the Millennium Development Goals.

The international community shares the blame.

On Flickr, evianoo shares those revolutionary stencils.