Convertible Currencies definition

Convertible Currencies has the meaning assigned to it in Section 2.18(b) (Application of Payments; Sharing);
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Convertible Currencies means the foreign currencies specified in the announcement of the President of the National Bank of Poland of 25 February 2008 (M.P. 08.19.202) regarding the announcement of a list of convertible currencies or in other legal instrument which will replace it.
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Convertible Currencies means currencies that are widely traded in international markets and that can be freely exchanged for other currencies or gold without special authorization from the central bank responsible for the currency.
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Examples of Convertible Currencies in a sentence

  • For the Eighteenth Replenishment, this is included in column (b-1) for Part I countries, and for Part II contributing countries in column (e-4).Additional Resources Provided under IDA18 in SDRs or Freely Convertible Currencies: The amounts shown in column (e-4) represent the additional resources provided under IDA18 by Part II members in SDRs or freely convertible currencies, as set out in Table 1A.

  • Legal entities could only open foreign currency accounts in non-resident banks to make payments under international construction agreements as provided for under CBR Directive No. 1010-U of 3 August 2001, "On the List of Foreign States (Territories) and their Non-Freely Convertible Currencies, in which Residents May Open Accounts Outside the Russian Federation to Make Payments Under International Construction Agreements".

  • Subscriptions, Contributions, and Votes (amounts in US$ Equivalents) Part II Current Status (before IDA18) Allocation for Exercise of Preemptive Rights to Maintain Part II Voting Power Additional Resources Provided under IDA18 in SDRs or Freely Convertible Currencies Adjusted Voting power Member Notes: Current Status (a-1) to (a-6): It is assumed that the members that have outstanding commitments to subscribe or contribute to any previous Replenishment will fulfill their obligations.

  • Additional Resources Provided under IDA17 in SDRs or Freely Convertible Currencies: The amounts shown in column (e-4) represent the additional resources provided under IDA17 by Part II members in SDRs or freely convertiblecurrencies, as set out in Table 1A.

  • The Bank shall not be liable for any losses resulting from the change of the exchange rates in the course of executing the Instruction or a banking money settlement in the Convertible Currencies.

  • Interestingly, this high-profile study by Coate and VanDerHoff was only published by Cato; it was never subsequently published in a peer-reviewed journal.The Cato reports, as well as the other studies noted above, merit the preceding critique because they have powerfully influenced the policy discussions of these issues and because they have provided the empirical grounding for important school finance decisions.

  • If an Account is maintained in Convertible Currencies, the Bank shall charge the fees and charges in the amount being the PLN equivalent of the amount of such fee or charges at the buying rate of the given currency of the Bank prevailing on the day the operation is booked.

  • It has a Public Transport Accessibility Level (PTAL) rating of 6a.

  • Subscriptions, Contributions, and Votes (amounts in US$ Equivalents) Part II Current Status (before IDA18) Allocation for Exercise of Preemptive Rights to Maintain Part II Voting Power Additional Resources Provided under IDA18 in SDRs or Freely Convertible Currencies Adjusted Voting power Member Table 2.

  • Interest shall accrue for the actual number of days when the funds were deposited in the Account in proportion to the interest per annum, where the year for PLN shall have 365 days and for Convertible Currencies the number of days shall be consistent with the manner of calculation adopted by the Central Bank of a country in which such currency is a legal tender.

Related to Convertible Currencies

  • freely convertible currency means a currency which is widely traded in international foreign exchange markets and widely used in international transactions.

  • Available Currency means Dollars, and any other currency as the relevant Borrower, each of the relevant Revolving Credit Lenders or the relevant Term Lenders, as the case may be, and the Administrative Agent may agree to from time to time.

  • Eligible Currency means any lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Required Lenders are willing to make such Credit Extensions (each of clauses (a), (b), (c), and (d), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within, five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

  • Alternative Currencies means (a) Euro, (b) Sterling, (c) Yen and (d) each other currency (other than Dollars) approved in accordance with Section 1.08.

  • Committed Currencies means lawful currency of the United Kingdom of Great Britain and Northern Ireland and Euros.

  • freely usable currency means freely usable currency as defined under the Articles of Agreement of the International Monetary Fund.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Agreed Currencies means (i) Dollars, (ii) euro, (iii) Pounds Sterling and (iv) any other currency that is (x) a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars, (y) available in the London interbank deposit market and (z) agreed to by the Administrative Agent and each of the Lenders.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 2022.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Currencies means the collective reference to Dollars and Available Foreign Currencies.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Offshore Currency means any lawful currency (other than dollars) that the relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank foreign exchange markets, (b) freely transferable and (c) freely convertible into dollars.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Dollar Equivalent of the Foreign Currency has the meaning specified in Section 312(f).

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Dollar Equivalent of the Currency Unit shall be determined by the Exchange Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

  • Special Notice Currency means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Australian Dollars means the lawful currency of Australia.