Restrictions on Currency Movements and Foreign Investment

October-17-08
5:30 PM

1. Define restrictions on currency movement

Restrictions on currency movement are the denial of use or acceptance of foreign money or units of
exchange.

2. –

Continent Country Description of Currency

Restriction
Europe Albania Local currency is prohibited from
leaving the country and from
being imported.
Asia Bangladesh The import of foreign
currency is unlimited
(subject to declaration at
time of arrival for sums in
excess of US$5000). The
export of foreign currency is
limited to the amount
declared on arrival. The
import and export of local
currency is limited to Tk100.
Africa Côte d'Ivoire The import of local currency is
unlimited. The export of local
currency is limited to amounts
up to the value of CFAfr10,000.
The import of all foreign
currency other than French
Francs must be declared. The
export of foreign currency is
limited to amounts up to the
equivalent of CFAfr25,000 or the
amount imported and declared
on arrival. There is no restriction
on the re-export of unused
travelers cheques and letters of
credit.
North America Guatemala Prohibited(Exchange of GTQ into
foreign currency allowed up to
the equivalent of USD 1000
South America Brazil Export restrictions: Currency that
have been imported minus
expenses during stay in Brazil
3. We have no real restrictions on currency movement except you cannot export more than $5 in
silver coins. I believe we don’t have any restrictions because we have enough money in
circulation with no real threat of hyperinflation any money that leaves the country is
insignificant.
4. Restrictions on foreign investments are when other countries or members of foreign countries
invest, buy, or own companies which are located or based in/on Canadian soil.
5. Some examples of Canadian restrictions include industries such as telecommunications,
broadcasting, banking sector, and the air travel sector.
http://www.cbc.ca/consumer/story/2008/06/26/tech-competition.html