It is the funds from the import and export business of foreign trade enterprises, deposited in the national bank, and paid as needed.
Foreign exchange deposits refer to all kinds of deposits in bank accounts that are convertible.
When an enterprise makes a foreign currency bank deposit, it shall convert the amount of foreign currency into account, and register the amount of foreign currency and the conversion rate at the same time.
When the amount of foreign currency is converted into RENMINBI for account keeping, the conversion rate can be taken as the market at the time when the business takes place.
Foreign exchange deposit is a kind of business in which units or individuals make all their foreign exchange funds in China, which are measured by foreign currencies and withdrawn at any time or at an agreed term in the future.
