Exchange Currency

import deposit

A requirement that importers put some amount of money in an account for some period of time. The purpose may be to assure that import duties will be paid, if they apply (as in the case of a tourist bringing in a car), or the deposit may simply be a nontariff barrier intended to discourage imports.

Related information about import deposit:
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  8. PDF (397 K) - National Bureau of Economic Research
    Finally, the 1971 prior import deposit for each product was also recorded. This information is summarized in Table 4-4; note that since it is based on rates and ...