Actual problems of exchange controls
The article focuses on the issue of currency control and regulation of foreign trade operations. The article describes the stages of formation and development of control of foreign trade operations in the country. It also states that, despite the achievements in currency control, the problem of reducing capital flight is complex. The volume of capital being illegally transferred from the country is growing rapidly. Non-receipt of the export proceeds, or failure to return the advance payment for imported goods already paid are the two most common schemes of capital flight. A revision of the existing system of currency control by strengthening the state control over foreign exchange and foreign trade operations is required in order to prevent capital flight. The article analyzes the problems that persist in the established system of currency control of foreign trade operations and suggests ways to solve them.