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FrançaisBefore and after a commercial measure is applied to protect the internal market.
Read MoreEx Factory
A non standard trade term that must be replaced by EXW Ex Works. Practical Guide to Incoterms.
Read MoreExchange control
A government policy of regulating access to foreign currency. Typically, countries resort to exchange control because of chronic shortages of foreign currency, particularly the so-called hard (freely convertible) currency. The are several ways governments implement exchange control. Import licensing limits…
Read MoreExchange rate
The price of one currency expressed in terms of another, i.e., the number of units of one currency that may be exchanged for one unit of another currency. There are mainly two systems of exchange rates: Free exchange rates: the…
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