Exchange Control
/ˈɛksˌʧeɪndʒ kənˈtroʊl/
Definitions
- (n.) Governmental regulations restricting or controlling the buying, selling, or transferring of foreign currency or assets.
The country imposed strict exchange controls to stabilize its currency.
Forms
- exchange control
- exchange controls
Related terms
See also
Commentary
Exchange control is typically enacted during economic crises or to manage balance of payments; drafters should clarify scope and procedures for compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.