Blocked Funds are money that cannot be transferred to another country due to exchange controls imposed by a government.
The Eastern Caribbean Central Bank (ECCB) is the institution responsible for issuing and regulating the Eastern Caribbean Dollar (XCD) across member countries.
Exchange control refers to the regulations imposed by a government on the purchase and sale of foreign currency. These controls are often used to address issues like currency shortages and balance of payments imbalances.
A comprehensive examination of exchange control, a system requiring official permission to convert a national currency into other currencies, its historical context, types, key events, detailed explanations, importance, applicability, examples, considerations, related terms, comparisons, and interesting facts.
A comprehensive guide to understanding exchange restrictions, their historical context, types, and impacts on global economics and finance.
