Re: Foreign exchange control

On 10 Nov 2005 12:32:50 -0800, "Lantern" <lantern@xxxxxxxxxxx> wrote:

>Re:Foreign Exchange Control.... Good luck in your search. You've picked
>a tough one.

What's tough about it? FX controls were commonplace up until the early
1980s. We had them in the UK during the dark days of the 1970s to
shore up the value of the then shaky Sterling. Loads of other
countries did the same. When you went abroad you couldn't take more
than 50 quid (IIRC) in cash with you to spend and currency smuggling
was a pretty serious offence. The abolition of exchange controls and
fully-floating currencies is a relatively new phenomenon.
--

"What is now proved was once only imagin'd" - William Blake
.

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