Foreign exchange transactions require an account with foreign currency in the card, that is, foreign currency is deposited in the card more than once. If not, ask the bank to exchange foreign currency (RMB to purchase foreign exchange) and deposit the card number. Because a multi-currency account is not equal to a foreign exchange account. Therefore, you need to have a foreign currency deposit account to conduct foreign exchange transactions. Because RMB accounts and foreign currency accounts are separate.
Foreign exchange, called Foreigncurrency in English, is a creditor's right held by monetary authorities (central bank, monetary management institution, foreign exchange stabilization fund and Ministry of Finance) in the form of bank deposits, treasury bonds and long-term and short-term government securities. Can be used when the balance of payments is in deficit. Including foreign currency, foreign currency deposits, foreign currency securities (treasury bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ). By 20 15, China ranked first in the foreign exchange reserves of governments all over the world. The United States, Japan, Germany and other countries have a large number of private foreign exchange reserves, and the overall foreign exchange reserves of the country are much higher than that of China.