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Iceland introduced capital controls in 2008 and still has them in place.
Telefonica, a Spanish firm, and Procter & Gamble (P&G), together have billions of dollars trapped in Venezuela, which has introduced capital controls.
Iceland introduced capital controls in the wake of its financial crisis, imposing a limit on foreign-exchange transactions of 350,000 kronur (about $3,000) for residents planning to travel abroad.
Contrasting with the recommendations made by the Verma Committee, the ordinance has introduced capital punishment for special cases of sexual violence that cause severe physical or mental damage, lead to death or leave the victim in a persistent vegetative state.
Although founded in 1552 and a strategically significant outpost during the colonial era, Valdivia did not flourish until after the mid-19th century, when a large influx of German settlers introduced capital and new skills into the local economic life.
This, though, is clearly not an ideal world and many IMF member states – Brazil, for one – have introduced capital controls after excessive appreciation of their currencies stifled export growth.
Similar(52)
The only reliable options are to either introduce capital controls or let the currency find its own level".
The government was forced to introduce capital controls and suspend gold payments, in effect unpegging its currency.
Willem Buiter, a prominent economist, believes it is only a matter of time before some of the ex-communist countries introduce capital controls.
Brazil battled back by introducing capital controls in the form of taxes on foreign purchases of Brazilian securities, but the currency remains overvalued.
Iceland The island became an emblem of the 2008 crisis when the failure of its bloated banking system forced it to introduce capital controls.
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