Words / E / Business

exchange controls

noun/ɪksˈtʃeɪndʒ kənˈtrəʊlz/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

Restrictions imposed by a government on buying or selling foreign currency.

Strict exchange controls forced travellers to declare every dollar they carried.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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