By the end of 1958, external convertibility of the major European currencies had been attained.

By the end of 1958, external convertibility of the major European currencies had been attained.

By the end of 1958, external convertibility of the major European currencies had been attained.

In September 1931, it decided to suspend the external convertibility of the pound and allow it it float freely.

There has been a substantial improvement in the reserve positions of the industrial countries in particular and widespread moves to external convertibility have taken place.

Between 1930 and 1945, several protectionist measures -such as duties, quotas, suspension of external convertibility and of the free money market, etc...- greatly reduce world trade.