Foreign exchange controls

Foreign exchange controls are rules that governments put in place to control how people traveling in and out of a country can buy and sell the country's currency. When you travel to another country, you need to exchange the currency you have for the currency of that country. Governments use foreign exchange controls to make sure that people don't try to buy or sell too much money. They also use them to help protect the country's financial system so it won't be harmed by too much money coming in or out of the country.