Foreign Exchange control in Bangladesh
Institute of Bankers Bangladesh
DAIBB International trade and foreign exchange tutorial
Foreign exchange controls are various forms of controls imposed by a
government on the purchase/sale
of foreign currencies by residents or on the purchase/sale of local currency by
nonresidents.
Common foreign exchange controls include:
·
Banning
the use of foreign currency within the country
·
Banning
locals from possessing foreign currency
·
Restricting
currency exchange to government-approved exchangers
·
Fixed
exchange rates
·
Restrictions
on the amount of currency that may be imported or exported
Countries with foreign exchange controls are also known as "Article
14 countries," after the provision in
the international Monetary Fund agreement allowing exchange controls for transitional economies. Such controls used
to be common in most countries, particularly poorer ones, until the 1990s when free trade and
globalization started a trend towards economic liberalization. Today, countries
which still impose exchange controls are the exception rather than the rule.
see all tutorial on Foreign exchange
see all tutorial on Foreign exchange
Category: DAIBB Tutorial, Foreign exchange controls, International Trade and Foreign Exchange
Thanks for useful information. Also I use Mollah Exchange. They are perfect money payment any Location of Bangladesh. BD currency Exchanger They work Dollar, Taka, skrill, bitcoin, bkash and coinbase. They are trusted exchange buy and sell dollar provider.
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