foreign exchange certificates

A form of foreign exchange certificate — 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.

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Meanings

noun
  1. pluralplural of foreign exchange certificate
Cite this entry
APA

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

MLA

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

Chicago

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

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