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The Chinese government has tried hard since July to prop up support for the government here, removing many trade barriers that Hong Kong companies used to face on the mainland and authorizing Hong Kong banks to begin doing limited business in China's restricted currency.
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Gas gift cards thus add to our repertoire of invented, restricted currencies.
The government hopes that, by restricting currency exchanges, it will protect reserves at home needed to pay off its debts.
He said the deal badly needs rules to restrict currency manipulation – something the Obama administration says other countries won't agree to.
The rial lost 40 percent of its value against the dollar this month in panicky selling before the Iranian banking authorities moved to severely restrict currency trading.
By 1934 German regulations restricting currency exports made it impossible for American film makers to take their profits back to America, so the major film studios closed their German branches.
Tight exchange controls -- put in place to stem capital flight, strengthen the bolivar and halt inflation -- have also restricted hard currency and, some businessmen say, squelched investment.
Tim Condon, an economist at ING in Singapore, notes that although Vietnam imported 43 tonnes of gold in the first four months of this year, the precious metal is trading in Ho Chi Minh City at a big premium to the international price.Meanwhile, the government is trying to curb currency speculation by restricting foreign-exchange booths from selling dollars.
A law restricting all currency flows related to capital-account transactions and requiring exporters to deposit all foreign currency with domestic banks was passed in late November.
China restricts foreign currency investment, which is why there has been an attempt by private equity firms to set up renminbi-denominated funds.
Importers are particularly hard hit, with the government restricting foreign currency to essential products such as food, medicines and oil.
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