Any restriction on the ease of exchanging on currency for another tends to harm

Question

Quizplus · Accepted Answer

Restrictions on currency exchange can have negative impacts on both the potential import purchaser and the potential export manufacturer. If exchange rates are unfavorable, the importer may have to pay more for the foreign currency needed to make the purchase, leading to increased costs and decreased competitiveness. Similarly, if exchange rates are unfavorable for the exporter, they may receive less money for their goods when they are converted back into their home currency, leading to decreased profitability and potentially harm to their business.

Any Restriction on the Ease of Exchanging on Currency for Another