French Marijuana Laws. Historically, punishment for marijuana possession in France has been harsh, with a zero tolerance policy against use, possession and trafficking. Since 1994, the laws have been under scrutiny, both because of mounting public pressure to reform and financial pressure on the country.
devaluation - an official lowering of a nation's currency; a decrease in the value of a country's currency relative to that of foreign countries. regulating, regulation - the act of controlling or directing according to rule; fiscal regulations are in the hands of politicians.
DEFINITION of 'Convertible Currency'. A currency that can be readily bought or sold without government restrictions, in order to purchase another currency.A convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.Next Up. convertible currency is a liquid instrument when compared to currencies tightly controlled by a central bank or other regulating authority.