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Currency Inconvertibility and Transfer Restriction

Protection against losses arising from an inability to legally convert local currency into hard currency.

Our Currency Inconvertibility and Transfer Restriction coverage provides protection against losses arising from an investor’s inability to legally convert local currency (capital, interest, principal, profits, royalties, and other remittances) into hard currency (Dollar, Euro or Yen) and/or to transfer hard currency outside the host country where such a situation results from a government action or failure to act. Currency depreciation is not covered. In the event of a claim, MIGA pays compensation in the hard currency specified in the contract of guarantee.

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