foreign exchange certificate

English

Noun

foreign exchange certificate (plural foreign exchange certificates)

1. (finance) A surrogate currency often used as a tool to control circulation of foreign exchange in countries where the national currency is subject to exchange controls or is not convertible. The certificates may be denominated in local or foreign currency, depending on the exact purpose of the regulation.
2. A document authorizing a purchase of foreign currency; used as a tool to regulate foreign exchange movements across the national border.

Synonyms

• FEC

Translations

surrogate currency

• Chinese:

  Mandarin: 外匯兌換券／外汇兑换券 (wàihuì duìhuànquàn), 外匯券／外汇券 (wàihuì quàn)

• Finnish: turistivaluutta; valuuttasertifikaatti
• Korean: 돈표 (donpyo) (North Korea)
• Russian: валю́тный сертифика́т m (valjútnyj sertifikát), валю́тный чек (valjútnyj ček)

authorization to purchase currency

• Chinese:

  Mandarin: 外匯兌換券／外汇兑换券 (wàihuì duìhuànquàn)

• Finnish: valuutanvaihtolupa
• Russian: please add this translation if you can