suspension

停止　—　Institutions

Breaking off, for now, what had been going on.

Eiraku Tsūhō (Yongle Tongbao) — A photograph of what this word names.

Continental note (one sixth of a dollar) — A photograph of what this word names.

⚠ The suspension of convertibility almost invariably begins with the declaration that it is "temporary." And it is never restored. In monetary history, the appearance of this word marks a turning point.

Related terms

inconvertible convertibility crisis

Courses where this word appears

A06 Tracing the Era of the Gold Standard C11 The People Who Linked and Severed Gold and Paper Money P5 How Taxes, Pensions, and Social Insurance Work P9 Finding Financial Information and Advice

Scenes where this word appears

Overview: the world　Epilogue　15 August 1971
United States　"Not worth a continental"　In a turn of phrase on the street
United States　The Panic of 1907　New York, the counter of a trust company
United States　The far shore of the war　Across the Atlantic, America
Greece　Bird from the Ashes　A storefront
Greece　Clinging to an Alliance　Bank exchange counter
Greece　We are bankrupt　Ministry of Finance
Greece　Central Bank　The pages of the Official Gazette

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