Meaning of Exchange Control

>> Sunday, September 27, 2009

Broadly speaking, exchange control refers to a government's intervention in the foreign exchange market. In other words, it means restrictions on the business involving foreign exchange and its sale and purchase in the national market. It is a government domination in the foreign exchange market. In the words of Haberler, "Exchange Control is the state regulation excluding the free play of economic forces from the free play of foreign exchange market.


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