Financial Control

All financial transactions between residents of Western Germany and

Western Berlin and residents of other areas are subject to either

general or specific exchange-control authorizations issued by the

foreign-trade banks. Before those permits are granted, the transactions

in question are not only screened with respect to currency problems

but also in regard to the strategic nature of the goods. The latter

screening is done by export control officials, who have the power to

prevent the transaction.

East-West Trade Trends Mutual Defense Assistance Control Act of 1951 (the Battle Act); Fourth Report to Congress, Second Half of 1953 · 第 36 / 111 题