Restrictions on the convertibility of a currency into other currencies are called ________.

Question

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Restrictions on the convertibility of a currency into other currencies are commonly referred to as currency controls. These controls may include limits on the amount of currency that can be exchanged, requirements for licensing or permissions to convert currency, and other regulations designed to limit the flow of capital into and out of a country. These restrictions can have a significant impact on international trade, investment, and financial flows, as well as on the overall economic performance of a country.

Restrictions on the Convertibility of a Currency into Other Currencies