Accounts in domestic banks that are maintained and paid in a foreign currency are commonly free of the monetary control restrictions imposed by their issuing country.

Name: Accounts in domestic banks that are maintained and paid in a foreign currency are commonly free of the monetary control restrictions imposed by their issuing country.
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Question

Quizplus · Accepted Answer

This is true. Since the account is in a foreign currency, it is outside of the jurisdiction of the issuing country's monetary control restrictions.

Accounts in Domestic Banks That Are Maintained and Paid in a Foreign