Control means that exporters and other earners are reluctant to pay official prices because of local overvaluation.
Therefore, in order to concentrate foreign exchange volume, the authorities need to force foreign exchange earners to sell all or all of their foreign exchange to designated banks at official prices.
The measures for foreign exchange settlement control are as follows :(1) apply for export license;
(2) The exporter shall declare the export transaction to the designated bank in advance, require the designated bank to issue the export certificate and handle the export delivery business, and the bank shall be responsible for the purchase of the foreign exchange obtained by the exporter;
(3) Residents are forced to declare foreign assets and purchase them if necessary.
