Foreign exchange controls
mean that, other than for tourists' needs, the RMB is only available on a very limited basis to non-residents.
On Wednesday, the bank said that it would further liberalize foreign exchange controls
to boost business competitiveness.
Standard & Poor's cut Iceland's local currency credit ratings by one notch to BBB, citing the "potentially prolonged application of foreign exchange controls
Since South Africa operates foreign exchange controls
, the SARB must ratify all international trade agreements.
These include: setting up special monitoring units, providing fiscal stimulus packages, revising budget expenditures, targeting assistance to key sectors, strengthening the banking sector, putting in place stricter financial markets regulation, making expansionary monetary policy, and foreign exchange controls
to prevent excessive currency depreciation and capital flight
Gono also said that some foreign exchange controls
would be relaxed and gold producers can now sell bullion directly and not via the central bank as previously required.
Ras Al Khaimah is becoming a top investment hotspot in the UAE, with factors such as 100 per cent income and corporate tax exemptions; 100 per cent capital and profit repatriation; easy availability of labour; easy licensing procedures; excellent port facilities; and absence of foreign exchange controls
, trade barriers and quotas, attracting investors from across the globe.
In its latest "International Narcotics Control Strategy Report--2007", it said "Macau's free port, lack of foreign exchange controls
, and significant gambling industry create an environment that can be exploited for money laundering purposes.
7billion abroad last year and has just relaxed its foreign exchange controls
, which is certain to send that figure through the roof.
In the East this need for the industry to be a big importer of components has combined with creaking foreign exchange controls
in China and India to be a key factor holding back growth in output.
Xinhua quoted Zhou as saying in an exclusive interview that China has made efforts to prepare commercial banks for a more flexible exchange rate in the future and relaxed foreign exchange controls
as part of the preparations.
Lord Howe, who was chancellor during Margaret Thatcher's first term as Conservative prime minister, also won plaudits for ending foreign exchange controls