Emerging markets rout stirs unease about capital curbs

No controls: A customer holds 100-rouble banknotes while visiting a local grocery store in the village of Verkhnyaya Biryusa outside the Russian Siberian city of Krasnoyarsk. Even its 58 fall last year didn’t prompt controls, according to analysts. – Reuters

LONDON: Moves by Nigeria and China to clamp down on currency and equity markets have raised fears other countries may also seek to curb capital movement as a way to stem the exodus of money from emerging markets.

Some governments are already restricting citizens' ability to move cash freely or tightening existing measures and some foreign investors worry they may be next in line.