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