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foreign exchange controls
(redirected from Exchange control)

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Foreign exchange controls
Various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.
foreign exchange controls
Restrictions that are imposed by a nation on the free exchange and convertibility of its own currency. Foreign exchange controls are most often instituted by countries whose currencies are weak and whose citizens prefer to hold and use the currencies of other nations. Institution of foreign exchange controls hinders foreign investors who wish to extricate their funds.
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But Chinese officials have indicated that they plan to introduce a system of exchange control comparable to Taiwan's that will permit registered institutional investors to purchase the A shares of Chinese companies.
www.china-inc.com by HALE, DAVID / The International Economy
Government spending provided all the happy effects of mild inflation; while political dictatorship, with its destruction of trade unions and rigorous exchange control, prevented such unfortunate consequences as a rise in wages, or in prices.
Hitler, 1889-1936: Hubris by McMenamin, Michael / Reason
Twenty years ago, when even advanced countries were suffering from double-digit inflation, when intrusive foreign exchange control was a source of major economic distortions and wide-spread corruption, to preach the virtues of price stability and currency convertibility was clearly to move the world in the right direction.
THE RETURN OF DEPRESSION ECONOMICS by Chait, Jonathan / Washington Monthly
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