Concept of the foreign currency

Concept of the foreign currency
Foreign currency: (ForeignExchange, or Forex)

Must possess three as the foreign currency of the means of international payment: Can pay ing, acquired character and can be changedding.

Say briefly, the foreign currency means foreign currency or various means of payment used in the international credit and debt and settle account in foreign currency. The concept of the foreign currency has double meaning, there are trends and static difference.

The general general theory of the trends of the foreign currency is studied in, mean changing the currency of a country into and adding outside the currency of a country, in order to discharge the business activities of a kind of specialization of international creditor's rights, debt relation. It is the international exchange (ForeignExchange) Abbreviation.

The static concept of the foreign currency, the ones that refer to in foreign currency can be used in the means of payment that world settle account. This kind of means of payment includes credit tool and marketable securities that expresses with the foreign currency, for instance: A securities of bank account, commercial draft, bank draft, bank check, foreign government's storehouse certificate and size,etc..

To interpret as International Monetary Fund: "foreign currency poor coin executive authorities (  Central Bank, monetary management organization, foreign currency allow foundation and the Ministry of Finance while being flat)  Protect some, creditor's rights that can be used in international payments deficit in forms such as a government bond of bank account, treasury bill of the Ministry of Finance, size,etc. "  . Stipulate according to our country " Statute for Foreign Exchange Regulations " issued in revision of January of 1997: Foreign currency, refer to the following may use as means of payment and assets that world discharge ing in foreign currency:

 (1) Foreign currency, including paper currency, coining;

 (2) Foreign currency pay evidence, note, bank deposit certificate, Company bond, stock,etc.;

 (3) The marketable securities of the foreign currency, including government bond, company's bond, stock,etc.;

 (4) Especially withdraw deposit in the only, poor coin unit of Europe;

 (5) Other foreign currency assets.

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Usually said foreign currency of people, generally refer to its static meaning. 

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