Local currency refers to the currency stipulated by the laws of a certain country or region, and no other currency can be circulated in this country except the currency stipulated by the law. For example, the only law in Chinese mainland stipulates that the currency is RMB, so people also call RMB local currency at this time, but most of these definitions are used in foreign exchange market. Everything except local currency is called foreign currency. That's what local currency means. Introduction of foreign currency

Foreign currency can be divided into narrow sense and broad sense. The narrow sense of foreign currency refers to the currency of other countries or regions other than the national currency, including all kinds of banknotes and coins. In a broad sense, foreign currency refers to all payment vouchers expressed in foreign currencies that can be used for international trade practice. In addition to foreign banknotes and coins, it also involves foreign securities held by the company, such as government bonds, national treasury bonds, corporate bonds, stocks and dividends expressed in foreign currencies; It also includes foreign currency payment vouchers, such as documents expressed in foreign currency, bank savings vouchers, postal savings vouchers, etc., as well as other foreign currency assets, such as various foreign currency remittances and foreign currency loans for international trade. This paper mainly writes about the meaning of local currency and related knowledge points, and the content is for reference only.