Freedom ALSO REFERS TO ALL kinds OF payment vouchers expressed with foreign currency, which can be circulated and transferred in the international market and can be freely converted into foreign exchange of other countries.
Such as, Swiss franc, and other major Western currencies.
It is also referred to as “spot” and “multilateral settlement of foreign exchange”, which can be freely traded in the international financial market.
Free exchange Foreign exchange that is widely used in China, is paid internationally and is freely convertible into the currencies of other countries.
The countries that issue these currencies have relatively loose control over them. Some have even basically abolished their exchange controls, while others have imposed strict exchange controls that prevent their currencies from being freely converted into international currencies and prohibit their currencies from being carried across their borders.
