Foreign currency controls

{
  "id": "MLC-T-INS-001564",
  "term": "Foreign currency controls",
  "field": "Insurance and risk management",
  "definition": "Governmental restrictions on the conversion of a country's currency into other currencies or on the transfer of funds across international borders. These controls can affect the ability of businesses to repatriate profits or pay for imports, posing a risk to international trade and investment. Political risk insurance policies may offer coverage for losses arising from such restrictions.",
  "url": "https://mlchart.com/terminology/insurance/foreign-currency-controls/"
}