The Soviet ruble is not a hard, freely convertible currency, and profits here cannot be spent elsewhere.

A few years ago, Chinese officials spoke about the possibility of making their currency freely convertible by 2000.

"We want to make the won a freely convertible currency," he said.

Today, for the first time, the Government made the zloty freely convertible to Polish companies.

A freely convertible ruble is not expected until the year 2000.

Nobody really knows what the yuan would be worth if the Chinese took off the lid and made it freely convertible tomorrow.

It is a freely convertible currency and not pegged to the ruble.

Q. The ruble is not freely convertible with other currencies.

The East German mark is not freely convertible, and the state has yet to relinquish its monopoly on foreign trade.

A second Great Wall: its currency, which is not freely convertible.