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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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Coverage for each country includes information on: foreign investment regulations; currency and exchange control; taxation of resident corporations; avoiding double taxation; anti-avoidance measures; taxation of resident/non-resident individuals; taxation of branches v.

New country tax profile service from BNA International