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What is foreign exchange? How does the IMF define foreign exchange?

by Victor

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Generally speaking, it refers to foreign currency or various means of payment expressed in foreign currency for international settlement of claims and debts.

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Dynamic meaning: the transaction process in which one country is converted into the currency of another country and remitted to another country using international credit instruments in order to pay off the creditor’s and debt relationship formed by economic and trade exchanges between two countries.

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Foreign exchange is a means of payment expressed in foreign currency for international settlement.

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This means of payment includes credit instruments and securities expressed in foreign currency, such as bank deposits, commercial bills, bank drafts, bank checks, foreign government Treasury bills and long-term and short-term securities, etc.

(www.waihuibang.com/fxschool/basic/) of foreign exchange fund is defined as: “the currency is a currency administration to bank deposits, Treasury national Treasury bond, both short-term and long-term government securities can use holdings in the form of creditor’s rights”.

The dollar stabilizes, gold bulls flee, OPEC looks to ditch Russia, U.S. oil hits 120.

Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.

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