Purchase of foreign exchange is a transfer transaction means, that is, exchanging local currency for foreign currency in personal accounts, which is also equivalent to foreign exchange trading. The converted foreign currency is still in the account or bank card, and no cash has been withdrawn. However, after 20 14, China opened the policy of foreign currency exchange, and individuals and institutions that need to purchase foreign exchange can buy foreign currency through regular foreign currency exchange companies and get cash. Therefore, purchasing foreign exchange is no longer a simple banking business.

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