Foreign Exchange Control refers to government regulations that restrict or manage the buying and selling of foreign currencies. These controls are implemented to stabilize a country's economy, manage its currency value, and prevent capital flight. By regulating how much currency can be exchanged, governments aim to protect their financial systems and maintain balance in international trade. Countries may impose various measures, such as limits on currency exchange amounts, mandatory reporting of foreign transactions, or restrictions on foreign investments. These controls can affect businesses and individuals by influencing how they conduct international transactions and travel abroad, ultimately impacting the overall economy.