Characteristics of foreign exchange quota

In order to understand and give full play to the role of foreign exchange quota and serve foreign trade, we must first study the characteristics of foreign exchange quota. The foreign exchange quota has the following main features:

1, controllability. The foreign exchange quota is only a quota recorded in the bank account of China, and its adjustment and transfer is only the increase or decrease of the book number of the Bank of China, and it is also managed and supervised by the Bank of China and the State Administration of Foreign Exchange. Its source, trend, destination and use are in the hands of government departments and are strictly controlled.

2. Non-free circulation. This is consistent with controllability. Foreign exchange quota is neither currency nor bill, so it is impossible for everyone to circulate and buy and sell freely in the market.

3. Value. The foreign exchange quota is valuable, and its value is realized at the time of transfer. For example, when the current US dollar quota is transferred out, the transferor must pay 1 yuan to the transferor, which is a reflection of the value of the foreign exchange quota. The value of the foreign exchange quota is expressed by the price, which is determined by the government according to the relevant situation and is not freely negotiated.

4. Adjustable transferability. Holders of foreign exchange quotas can transfer them to foreign exchange users through the Bank of China if they don't use them themselves.

5. Interest-free. The foreign exchange quota is deposited in the Bank of China, and no interest is paid regardless of the length of time.

Extended data:

The role of foreign exchange quota

The five main characteristics of foreign exchange quota make it have the following three main functions:

1, easy to manage. This is determined by the controllability and illiquidity of the foreign exchange quota. The allocation, use, adjustment and transfer of foreign exchange quota are completely under the supervision and management of government departments, and investment has the conditions of arbitrary flow, so it is impossible to circulate freely.

The state and government departments at all levels can adjust foreign exchange quota management policies at any time according to the economic and political situation and guide the direction of foreign exchange use.

2. Economic leverage. This is determined by the adjustability, transferability and value of foreign exchange quota. Foreign exchange quota is an important economic lever. Although people have not fully understood it, it has played the role of economic leverage in economic life. For example, the paid adjustment of foreign exchange quotas has promoted exports.

3. The role of connecting the international and domestic markets. This is the comprehensive result of many characteristics of foreign exchange quota. The international and domestic markets are bound to be linked together, which is inevitable in any case.

Taking the international market as the standard, the domestic market is linked to the international market, and the domestic price changes with the change of the international market price, and is adjusted synchronously.

This is a way to connect the international and domestic markets, but it is an undesirable way. The reason is that the price in the international market fluctuates greatly and changes rapidly. If the domestic market is linked to the international market and adjusted synchronously, it will inevitably lead to great domestic price turmoil and affect economic construction and people's lives. A better way to connect is to use foreign exchange quota and adopt the form of foreign exchange quota price.

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