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.
Liberalization refers to a programme of changes aiming to transition towards a free-market economy by reducing direct controls on transactions and relying more on the price mechanism to coordinate economic activities.
