Currency control refers to the regulations and policies that governments implement to manage the value and flow of their national currency. These controls can include restrictions on foreign exchange transactions, limits on the amount of currency that can be exchanged, and regulations on international trade. The primary goal is to stabilize the economy and prevent excessive inflation or devaluation of the currency. Governments may use currency control to protect their economy from external shocks and to maintain a favorable balance of payments. By controlling the supply and demand for their currency, they aim to ensure economic stability and promote growth while safeguarding national interests.