inconvertible Meaning in Tamil ( inconvertible வார்த்தையின் தமிழ் அர்த்தம்)
Adjective:
கொடுத்து மாற்ற முடியாத,
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inconvertible's Usage Examples:
The president was advised that the only way of averting the financial ruin of the banking institutions of the republic was to suspend the conversion law and lend from the national treasury inconvertible notes to the banks.
President Montt then took in hand the question of a reform of the currency, the abolition of inconvertible paper money, and the re-establishment of a gold basis as the monetary standard of the republic.
The great struggle compelled every resource to be strained to the utmost: the issue of long-time bonds, continual borrowing in very large amounts on short-time inconvertible paper money, an elaborate and all-pervading system of internal taxes, and, finally, heavy import duties.
On the 31st of August of the same year a series of proposals upon the currency question was submitted to congress by the president, whose real object was to counteract the too rapid appreciation of the inconvertible paper money.
In 1878 depreciation had set in, and the inconvertible paper had by the close of 1881 grown to such an extent that it was then at a discount of 80% as compared with silver.
The country was still labouring under the curse of an inconvertible currency originatingwith the Legal Tender Act res - paperY g dncy.
The notes, therefore, formed an inconvertible paper currency.
At the opening of 1901 the country was chiefly interested in the forthcoming presidential election, for which the candidates were Don Pedro Montt (Conservative and Clerical) currency once more on an inconvertible paper money P P Y basis until 1902.
This large increase is to be accounted for by the fact that during the Napoleonic rgime the government steadily refused to issue inconvertible paper currency or to meet war expenditure by borrowing.
The first of these mistakes was a measure making (January 1885) the currency inconvertible for a period of two years.
Great opposition was raised by the representatives of the debtor class in congress to the suppression of the inconvertible paper money, but in the end President Montt carried the day, and on the 11th of February 1895 a measure finally became law establishing a gold currency as the only legal tender in Chile.
Synonyms:
untransmutable, incommutable,
Antonyms:
commutable, virtuous, unexchangeability,