Dictionary

foreign exchange certificate en · NOUN

Meanings

1. A surrogate currency often used as a tool to control circulation of foreign exchange in countries where the national currency is subject to exchange controls or is not convertible. The certificates may be denominated in local or foreign currency, depending on the exact purpose of the regulation.
2. A document authorizing a purchase of foreign currency; used as a tool to regulate foreign exchange movements across the national border.

Forms

Synonyms

FEC

Translations (9)

cmn 外匯兌換券 /外汇兑换券 (surrogate currency) · cmn 外匯券 /外汇券 (surrogate currency) · fi turistivaluutta (surrogate currency) · fi valuuttasertifikaatti (surrogate currency) · ru валю́тный сертифика́т (surrogate currency) · fi valuutanvaihtolupa (authorization to purchase currency) · ru валю́тный чек (surrogate currency) · cmn 外匯兌換券 /外汇兑换券 (authorization to purchase currency) · ko 돈표 (surrogate currency)