foreign exchange certificate
"Foreign exchange certificates" are tools used by governments or financial institutions to manage and control the flow of foreign currency within a country.
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Definition
C1Finance
(technical)A financial document that allows the holder to purchase foreign currency.
Example
- Travelers needed a foreign exchange certificate to buy dollars for their trip.
C2Economics
(technical, regulatory)A tool used to control the circulation of foreign currency in countries with exchange controls.
Example
- The government issued foreign exchange certificates to manage the inflow and outflow of foreign currency.
Similar
Terms that have similar or relatively close meanings to "foreign exchange certificate":