Is an international trade and currency convertible, it is spoken by their convertibility. Is a global trade and currency convertible, it is spoken by their Convertibility. Does one currency with gold and / or silver and is the conversion of notes into the respective metal at any time, so in this context given convertibility. Does one currency with gold and / or silver and is the conversion of notes into the respective metal at any time, so in this context given Convertibility.
If a currency lost much of confidence within the population, it will often substitute currencies like cigarettes ( eg, cigarette currency in Germany after World War II ), which then serve as payment and exchange. Even supposed emergency money is used during periods of crisis as a replacement for official currency. Even so-called emergency money is utilized during times of crisis as a substitute for official currency. Regularly the currencies of other states to substitute currency. A familiar example is the utilization of "Westmark" in the GDR rather than the DDR-Mark. Particularly, the so-called "blue tiles" ( 100 DM bills ) were a popular medium of exchange on the black market.
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Tags: cigarettes, international trade, world war ii, currencies, cigarette, guaranty, tiles, medium of exchange, foreign exchange markets, mint, monetary system, subtype, emergency money, global trade
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