abhishreshthaa

New member
FOREIGN EXCHANGE REGULATIONS

In addition to tariffs and quota many countries introduce foreign exchange regulations for restricting imports. Under exchange control, countries impose restrictions on the use of foreign exchange earned through exports.


If exchange control is to be made effective, it must be fairly comprehensive and strict.


Objective of exchange regulation /control:

1. To restrict the demand for foreign exchange and to use the available foreign exchange as per the requirements of the national economy.


2. To protect domestic industries


3. To check the flight of capital


4. To maintain over valued exchange rates


5. To follow independent monetary and fiscal policies.


6. To earn revenue in the form of difference between selling and purchasing rates of foreign exchange.
 

bhautik.kawa

New member
FOREIGN EXCHANGE REGULATIONS

In addition to tariffs and quota many countries introduce foreign exchange regulations for restricting imports. Under exchange control, countries impose restrictions on the use of foreign exchange earned through exports.


If exchange control is to be made effective, it must be fairly comprehensive and strict.


Objective of exchange regulation /control:

1. To restrict the demand for foreign exchange and to use the available foreign exchange as per the requirements of the national economy.


2. To protect domestic industries


3. To check the flight of capital


4. To maintain over valued exchange rates


5. To follow independent monetary and fiscal policies.


6. To earn revenue in the form of difference between selling and purchasing rates of foreign exchange.

hey dear,

here i am up-loading The Foreign Exchange Regulatin Act, 1947, please check and download from attachment.

Thank you!
 

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