Reasons for a country to impose exchange restrictions on its own currency,limiting conversion to other currencies include

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When a country finds itself short of foreign currency reserves, it may impose exchange restrictions on its own currency to limit conversion to other currencies. This helps the country to conserve its foreign currency reserves and avoid depletion of reserves. The other options mentioned - enticing foreign investment and creating a home-grown business climate - do not necessarily require exchange restrictions on its own currency.

Reasons for a Country to Impose Exchange Restrictions on Its