EXCHANGE CONTROLS
Exchange controls: translation
Governmental restrictions on the purchase of foreign currencies by domestic citizens or on the purchase of the local domestic currency by foreigners. The New York Times Financial Glossary
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Regulations to prevent or restrict certain foreign currency transactions, mostly by a country's nationals. Used to protect and maintain a country's financial position and the value of its currency.
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exchange controls UK US noun [plural]
► ECONOMICS,
FINANCE impose/adopt/introduce exchange controls »
The European Commission said there were no plans to impose exchange controls.
»
relax/remove/lift exchange controls