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单词 exchange control
释义 exchange control

A system under which holders of a national currency require official permission or approval to convert it into other currencies. Exchange control may apply to all holders of a currency, or some holders, normally non-residents, may be exempt. Where non-residents are allowed convertibility, exchange control has to be applied to transfers from resident to non-resident domestic currency bank accounts. Exchange controls can be applied with varying degrees of strictness; frequently they are much more stringent on obtaining foreign currency for capital account than for current account purposes.

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更新时间:2025/3/13 19:32:25