Control Control

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Aria: The Scarlet Ammo - 1 - La Bambina (SUB)

Frequently Asked Questions...

How does a country maintain capital controls/control the currency?

Such as China?


Best Answer...

Answer:

The previous answer says nothing about currency controls, just about how a country pegs it currency to another.

The answer for China is that it is illegal to bring significant amounts foreign currency into or out of the country

http://www.bloomberg.com/apps/news?pid=20601089&sid=aNYBkDscU1oE&refer=china

all foreign exchange is controlled by the government banking system,

http://en.wikipedia.org/wiki/Banking_in_China

particularly, the people Bank of China, the central bank:

http://en.wikipedia.org/wiki/People%27s_Bank_of_China

More generally:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0Droxt1g__E

http://en.wikipedia.org/wiki/Foreign_exchange_controls

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Control Control

Drop Triborough Amendment to control expenses (buffalonews)

In tough economic times, New York State’s counties, municipalities and school
districts face intense pressure to control their budgets. To bring spending
into line with tightly constrained revenues, local governments need more than
ever to control rising employee salary and benefit costs.

buffalonews

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