Advertisements

What are the objects of exchange control

by admin

It is also called the object of foreign exchange control.

Specifically, it is divided into two objects: people and objects. In addition, the appellation of individuals in law.

Advertisements

In some countries, it refers to an organization established according to law and able to exercise rights and assume obligations in its own name.

Advertisements

1. Human beings are divided into natural persons and legal persons.

Advertisements

In the foreign exchange control of various countries, natural persons and legal persons are usually divided into residents and non-residents according to different regions of residence.

The foreign exchange balance of residents is usually strictly regulated because it involves the balance of payments of the host country, while the control is more extensive for non-residents.

2. In terms of objects, it is mainly about foreign exchange.

All foreign currencies, securities and other instruments of payment listed above, as well as gold, silver and their manufactured goods, are subject to control.

3. Region-oriented exchange controls imposed by a country without a clear regional scope would be ineffective or ineffective.

Advertisements

You may also like

blank

MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.【Contact us: [email protected]

© 2024 Copyright  mydayfinance.com