foreign exchange certificate

noun

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.

Similar
FEC
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Meanings

nounforeign exchange certificate (plural foreign exchange certificates)

plural foreign exchange certificates

  1. businessA 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 & antonyms

Similar
FEC

Translations

Chinese Mandarin 外匯兌換券 /外汇兑换券, 外匯券 /外汇券
  • 外匯兌換券 /外汇兑换券 (wàihuì duìhuànquàn)surrogate currency
  • 外匯券 /外汇券 (wàihuì quàn)surrogate currency
  • 外匯兌換券 /外汇兑换券 (wàihuì duìhuànquàn)authorization to purchase currency
Finnish turistivaluutta, valuuttasertifikaatti
  • turistivaluuttasurrogate currency
  • valuuttasertifikaattisurrogate currency
  • valuutanvaihtolupaauthorization to purchase currency
Korean 돈표
  • 돈표 (donpyo)surrogate currency
Russian валю́тный сертифика́т, валю́тный чек
  • валю́тный сертифика́т (valjútnyj sertifikát)surrogate currency
  • валю́тный чек (valjútnyj ček)surrogate currency
Cite this entry
APA

foreign exchange certificate. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/foreign%20exchange%20certificate

MLA

“foreign exchange certificate.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/foreign%20exchange%20certificate. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “foreign exchange certificate,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/foreign%20exchange%20certificate.

Source: foreign exchange certificate on Wiktionary, CC BY-SA 4.0.