Governmental restrictions on the purchase of foreign currencies by domestic citizens or the purchase of the local domestic currency by foreigners.

Government restrictions imposed on dealings in a national or foreign currency.

the restrictions a country may place on the import and export of its own currency. While the government does not deny that the money belongs to you, some countries impose such restrictions on what you can do with it that it amounts to long-term confiscation. Some countries, like Germany, which have officially abolished all exchange controls, still insist that you tell them every time you take out more than DM30,000 (= say £10,000). Why? So that they can inform the tax man who will ensure you came by it honestly. Failure to declare means, if they find out, an on-the-spot fine of Dm5,000 and, of course, they inform the tax man too.

Government-imposed restrictions on free exchange of the domestic and foreign currencies.

The official restriction of capital (currency) in and out of a country with exchange controls (unable to convert into another currency). Controls can be circumvented for inward investors by using 'NDFs'.