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What is the reason for declaring foreign exchange

by admin

When the foreign exchange is received, it is necessary to go to the bank in time to declare the foreign exchange income, so that we can get the bank declaration number, and then do the online withdrawal registration. After the foreign currency is received, it is necessary to handle the settlement of foreign exchange with the bank’s receipt, receipt, money order, message and other relevant certificates before it can be transferred to the bank’s RMB account.

There are three reasons for filing:

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1.China does not liberalize the free flow of capital under the Chinese portion of its balance of payments.

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2.If the overseas remittance is salary income or household payment, a single amount does not exceed the equivalent of 3000 yuan, it is not necessary to go to the bank to declare. If the above amount is needed, it is necessary to go to the bank to declare.

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3.For other purposes, individuals should go to SAFE to declare and fill in the source of funds.

On the one hand, understand the reasonable source of funds, control;

On the other hand, it can make the domestic to maintain relative independence.

It is not subject to fluctuations in international market capital flows, which will affect the policy effect.

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