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How to understand that foreign exchange is an international means of payment, and not all foreign currencies are foreign exchange?
Is the company's trade payment or personal payment?

Individuals can only pay or remit $50,000 in foreign exchange a year, which is restricted by the State Administration of Foreign Exchange. You can only find LR if you exceed it.

Not all foreign currencies are foreign currencies. Only by joining international agreements can this currency be unconditionally converted into dollars and called foreign exchange. In a narrow sense, if you hold Korean won, it is not called foreign exchange and cannot be freely converted into US dollars!