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Tobin tax, proposed tax on short-term currency transactions.
The nature of international travel also means that foreign currency transactions are commonplace.
With the exchange rate fluctuations and bank fees, Ice Air broke even on the currency transactions.
The man, who was not identified, is suspected of leaking records of Mr. Hildebrand's currency transactions.
Most currency transactions have little to do with exports and imports.
However, neither of these were Tobin's reason for supporting the imposition of a currency transactions tax.
Similar(7)
By Zimbabwean law, all official foreign-currency transactions must go through the central bank.
The government started supervising all foreign-currency transactions for financial (as opposed to trade) purposes.
Mr Ostry and his colleagues point out that some prudential measures distinguish between local-currency and foreign-currency transactions.
In 1995 just over 2,500 commercial banks traded, and 770 possessed licenses to engage in foreign-currency transactions.
Except for hard-currency transactions in hotels, airports, and the government-run Friendship Stores, China doesn't permit any foreign cigarettes to be sold.
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