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Foreign Exchange Control Act |
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Foreign Exchange Control Act Legislation in South Korea, passed in 1961, that liberalized currency conversion of the South Korean won. That is, the Act permitted international trade of the won. The Act required the Minister of Finance to maintain a record of exchange rates and allowed him to suspend convertibility in the event of an emergency. See also: Exchange controls. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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