Janet Yellen: The goals of monetary policy and how we pursue them Speech by Ms Janet L Yellen, Chair of the Board of Governors of the Federal Reserve System, at the Commonwealth Club, San Francisco, California, 18 January 2017. * * * Good afternoon.
Long standing liberal and partial capital account convertibility allows individuals, firms or companies to freely undertake all international transactions through the interbank market. Aside from allowing 100% foreign equity, there are no bars on repatriation of capital, profits, royalty etc. Exchange rate stability has been supported by prudent exchange rate management.