Encyclopedia

Currency Restrictions


"currency restrictions" - legally established restrictions on currency transactions, expressed in their direct prohibition, limiting the volume, quantity and duration of their conduct, payment currencies, establishing requirements for obtaining special permits (licenses) for their conduct, reserving a portion, the entire amount or an amount that is a multiple of the total amount of the conducted currency transaction, as well as restrictions related to the opening and maintenance of accounts on the territory of states-participants of this Agreement;

Source: Agreement on Coordinated Principles of Currency Policy

Laws with commentary

Codes and federal laws