Encyclopedia

Foreign currency that is not freely convertible currency


Non-convertible foreign currency — a foreign currency specified in paragraph 3 of article 1 of this Law, which is not exchanged without restrictions for the currency of another foreign state when conducting current foreign exchange operations1.

  1. Federal Law No. 72-FZ dated May 31, 2001, "On Amendments and Additions to the Law of the Russian Federation 'On Foreign Exchange Regulation and Control,' dated May 31, 2001, as amended on May 31, 2001, Article 1, paragraph 2 // Official Gazette of the Russian Federation. 2001. No. 23. Item 2290. ↩

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