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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
exchange controls
see FOREIGN EXCHANGE CONTROLS.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
exchange controls
see FOREIGN EXCHANGE CONTROLS.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005