Foreign Currency Regulation
/ˈfɔrən ˈkɜrənsi ˌrɛɡjəˈleɪʃən/
Definitions
- (n.) Legal framework governing the exchange, transfer, and use of foreign currencies within a jurisdiction.
The country's foreign currency regulation restricts the amount of currency that can be legally brought in or out.
- (n.) Statutes and administrative rules controlling foreign exchange markets to maintain economic stability.
Banks must comply with foreign currency regulation to avoid penalties for unauthorized transactions.
Forms
- foreign currency regulation
Related terms
See also
Commentary
Foreign currency regulation often overlaps with foreign exchange controls; clear drafting should specify the scope of currency dealings covered to avoid ambiguity.
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.