We can set up an account as "foreign currency deposit pledge loan", which can be credited to the account and apply for local and foreign currency loans with foreign currency deposits as pledge.

Mortgage refers to the loan that the borrower obtains from the bank with a certain amount of collateral as the guarantee. This is a loan form of capitalist banks. Collateral usually includes securities, China bonds, various stocks, real estate and bills of lading, warehouse receipts or other documents proving the ownership of goods. When the loan expires, the borrower must repay it in full, otherwise the bank has the right to dispose of the collateral as compensation.

What are the rules for personal foreign currency deposits?

If the single amount or the cumulative equivalent amount of the day is less than 5000 dollars (inclusive), it can be handled directly; If the equivalent value is more than US$ 5,000, I need to provide the baggage declaration form signed by the customs or the foreign currency withdrawal certificate of my original bank. I and others (except those required by local branches) must abide by the anti-money laundering regulations of the People's Bank of China, such as showing (double) valid identity documents.

Foreign exchange deposit is the cash foreign exchange fund of foreign trade enterprises' import and export business income, which is deposited in the national bank and paid on demand. When handling the foreign currency bank deposit business, the enterprise shall convert the relevant foreign currency amount into RMB, and register the foreign currency amount and conversion rate at the same time. When the amount of foreign currency is converted into RMB, it can be used as the conversion rate.

Refers to the business in which a unit or individual deposits all its foreign exchange funds in foreign currency in China and withdraws them at any time or within the agreed time limit.

Foreign currency transactions can be conducted in the following four ways:

(1) Enterprises buy, sell or provide goods and services denominated in foreign currencies.

(2) Converting foreign currency receivables or payables for the purpose of financing.

(3) The enterprise is the party that should perform the contract of the futures exchange.

(4) Enterprises acquire or dispose of foreign currency assets for other reasons, and undertake or pay off foreign currency liabilities.

What subjects do foreign currency mortgage deposits take? The above article gives the answer to this question for your reference. This paper also puts forward some regulations on personal foreign currency deposits. When making foreign currency deposits, we should convert foreign currency into RMB for bookkeeping. As for the exchange rate, every country is different. We will always pay attention to it.