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As of October 2023, several African countries impose exchange controls, including Nigeria, Zimbabwe, and Angola. These controls are typically implemented to manage foreign currency availability, stabilize the national currency, and prevent capital flight. Countries like South Africa have also had periods of exchange control, although they have liberalized significantly in recent years. The specifics of these controls can vary widely, with some nations applying strict regulations while others have more flexible systems.
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Why does a country like Venezuela impose capital control?
Countries like Venezula impose capital control for some reasons: - To combat the downward pressures on the bolivar. - Control the distribution of foreign exchange. - Implemented strict price controls to stem inflaction triggered by the weaker bolivar by SN
How were European countries able to impose their will on African countries?
European countries were able to impose their will because they had large standing armies and were relatively well organised. . In the days when Europeans took over and colonised parts of Africa there were very few African countries, let alone countries with an organised structure. The British, French, Spanish, Belgians and Portuguese all had armies and colonial civil services that could literally 'create' colonies from unorganised wilderness.
Is it ok for Christian missionaries to impose their religion on other countries?
It is not OK to impose religion on other countries. But it is OK to "share" their religion.
Which countries impose a corporate tax?
Many countries impose a corporate tax. The United States, Japan, Canada, Cameroon, and Bangladesh are among the highest corporate taxed countries. Other countries such as Albania, Andorra, Bosnia, and Bulgaria are among some of the lowest corporate taxed countries.
What was the purpose of the Baruch Plan?
the program for world-wide control of atomic energy through an International Atomic Development Authority it was to create an international agency that would impose penalties on countries that violated international controls on nuclear weapons
What two South American countries did Roosevelt impose an embargo?
Brazil and chili
Why does the the IMF impose conditions its loans?
To help manage the economies of struggling countries
Which act granted the president of the US the authority to impose wage and price controls in times of national necessity?
Economic Stabilization Act
Is morally right for business owners to impose their religious orientation no their employees?
In most countries the answer would be "No".
Why did the British think they had the right to impose tighter controls and more financial obligations on the the American colonists?
because they thought they were better than everybody eles
What does the IMF impose on countries accepting its loans?
It means to say set set set wow. conditionality
What does the central bank do to conserve the foreign exchange reserves?
To conserve foreign exchange reserves, a central bank typically engages in careful management of its currency's exchange rate, often intervening in the foreign exchange market to stabilize the local currency. It may also implement monetary policies that promote economic stability, thereby reducing the need for foreign currency to stabilize trade balances. Additionally, the central bank can impose capital controls to manage the outflow of foreign currency and prioritize the use of reserves for essential imports and debt servicing.
