exchange controls


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Exchange controls

Government restrictions on the purchase of foreign currencies by domestic citizens or on the purchase of the local domestic currency by foreigners.

Exchange Controls

Laws or regulations that a government may institute limiting foreign exchange of its currency. A government may enact exchange controls on one currency (that is, a government may say that its currency is not convertible into Zimbabwean dollars, for example), or it may enact exchange controls over all currencies. Some countries have exchange controls to prevent citizens from making bad investment decisions in, say, a country experiencing hyperinflation, while a few communist countries enact exchange controls to prevent capitalist influences. See also: Inconvertibility.

exchange controls

see FOREIGN EXCHANGE CONTROLS.

exchange controls

see FOREIGN EXCHANGE CONTROLS.
References in periodicals archive ?
The central bank of Samoa has announced new exchange controls that will come into effect from next month.
Iceland's central bank enacted the foreign exchange controls, or restriction on the free movement of its currency, during the financial crisis.
Now the combination of an economy that shrank 8% last year and has already contracted by 29% this year, the likelihood of continued political and social upheaval (see NotiSur, 2003-06-20), and the exchange controls are making some of those immigrants consider going home.
The others, which do not have the exchange controls, have to go to the IMF (International Monetary Fund).
An analysis of the variance decomposition obtained from the vector autoregression before and after the removal of exchange controls indicates, as we would expect if exchange controls are a major cause of market segmentation, that domestic factors explain less of the variation in an equity market return, after the removal of exchange controls.
Coupled with the dismissal of Deputy Prime Minister Mr Anwar Ibrahim, the implementation of exchange controls takes Malaysia into murky waters.
But the government's watchful eye - manifested through the proposal and approval process, exchange controls and a cultural belief that 10 percent to 15 percent is a fair rate of return - may dampen those expectations.
The company had received questions regarding the recently enacted Venezuelan foreign currency exchange controls and the impact of those controls on PDVSA's payments to its contractors in U.
Brinkerhoff attributes the enormous infusion of foreign funds to lifting of exchange controls, liberalization of investment regulations, the new European Community agreements, and a general concerted movement toward international portfolio diversification.
The combination of these factors, plus management's long-term commitment to maintaining a conservative credit profile, should allow the company to make payment on its foreign currency obligations in a timely manner in the event of capital and exchange controls being imposed by the Brazilian government during a sovereign crisis.
New York (AirGuide Features - Inside Air Travel) Mon, Jul 7, 2014 Delta Air Lines will operate only one flight a week to Venezuela instead of one a day because of difficulties repatriating revenue through the country's exchange controls.
8 percent of the devaluation of the kwacha and the removal of a number of exchange controls.

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