Western currency, which had a mystical aura for many years, has suddenly become the ordinary, everyday legal tender.
The old problem of selling in China was that the currency could not be converted into Western currencies.
One glimpse of Western currency was enough to send them into a real pother.
He said the two nations had sold the ammunition to acquire Western currency.
One idea is to issue bonds that pay interest in certificates convertible into Western currencies.
Dinner at the Japanese restaurant, which accepts only Western currency, costs about $60 for two with wine.
The ruble is currently not convertible to dollars or other Western currencies and cannot be taken out of the country.
In response to this situation, the government, which controlled all official foreign trade, continued to maintain a highly artificial exchange rate with Western currencies.
It is, in fact, the only major Western currency that has not made its users poorer.
Moreover, it is almost impossible to tell what those amounts mean in Western currencies.