Current location - Loan Platform Complete Network - Foreign exchange account opening - Why is it a debit to pay abroad?
Why is it a debit to pay abroad?
Because it is foreign exchange settlement.

All items that cause domestic foreign exchange expenditure must be debited to pay foreign wages, and they must be settled in foreign exchange, which will reduce foreign exchange reserves, so they should be debited.

As for the balance of payments, all items that cause domestic foreign exchange income are credited, and all items that cause domestic foreign exchange expenditure are debited in the balance of payments report.