Examples of Convertible Currency in a sentence
All sums due to the STATE or to the CONTRACTOR under this Contract shall be payable in U.S. Dollars, except for mutual written agreement of the Parties on the choice of another Convertible Currency.
The STATE shall have the right to request the payment for sales of its share of production handled by the CONTRACTOR in U.S. Dollars or in the Convertible Currency in which the transaction took place.
India’s subscription comes to US$ 216.20 million for 17,921 shares to be paid up in five annual instalments.40% of this is to be paid in Convertible Currency and 60% byway of Promissory Notes.