Export means that the recipient sells foreign currency to the bank, and the bank pays the equivalent amount.
Must settle any foreign exchange earnings under current accounts that are not regulated or approved to retain cash convertibility;
The foreign exchange proceeds under capital account shall not be settled without regulations or approval.
Foreign exchange earnings of domestic institutions must be differentiated between current account and capital account;
Banks shall handle foreign exchange settlement or accounting procedures according to the different nature of foreign exchange income.
Foreign exchange income that cannot be proved to be under current account shall be handled in accordance with the relevant provisions on the settlement of foreign exchange under capital account.
