The nature of success means that the national administrative body implements two or more kinds of compound exchange rate system, and indirectly affects the import of different commodities by taking advantage of the difference in the cost of foreign exchange trading.
1. Control on Export foreign exchange Income Countries with relatively strict foreign exchange control generally stipulate that exporters must sell their foreign exchange income to banks designated by the state, that is to say, exporters must declare export price, settlement method, payment term and so on to foreign exchange administration agencies.
After receiving the payment for export goods, they must report to the foreign exchange administration agencies, and sell all or part of the foreign exchange to the designated foreign exchange banks according to the official exchange rate and the administrative regulations.
In addition, in order to encourage export, many countries implement export tax rebates, export credit and other measures, while for some urgently needed domestic, in short supply or have a major impact on the national economy and people’s livelihood of the commodity, technology and strategic materials to restrict the export, usually the export license system.
2, implements strict foreign exchange control for control of the state, to reduce foreign exchange expenditures restricted imports of certain goods, the general measures taken are: import deposit to prepay system: it refers to the importer in import some goods to the designated Banks shall deposit a certain amount of import payment, the bank does not pay interest, the amount according to the imported goods category or subordinate to the national according to certain proportion.
Import license system: it means that the importer can purchase the foreign exchange necessary for import only by obtaining the import license issued by the relevant authorities.
The issuance of import license usually takes into account the quantity of imported goods, the structure of imported goods, the country of production of imported goods and the terms of payment for imported goods.
3. Control of Non-trade foreign Exchange The management of non-trade foreign exchange generally takes the following ways: direct restriction, maximum limit, registration system and special approval.
4. Capital export and input Control Capital account is an important part of the balance of payments, so both developed and developing countries attach great importance to the import and export of capital and implement different degrees of management on capital export and input according to different needs.
The main contents of foreign exchange control include the above four aspects, mainly including the control of export foreign exchange income, import control, non-trade foreign exchange control and capital export and input control. I hope the above introduction can help you.
Foreign exchange control generally takes the following methods: the exporter is required to obtain the approval of the trade administration department and obtain the export license;
The exporter must declare to the authorized bank the price, amount, settlement currency, method of foreign exchange collection, date, place and term of the export commodities, and promise to hand over all foreign exchange receipts to the bank within a certain period.
Foreign exchange control also includes cash subsidies or foreign exchange subsidies given by the government to certain export commodities, tax relief or late payment of part of the export income, preferential loans granted to exporters, foreign exchange control in which government agencies underwrite part of the risk of exchange rate fluctuations, and so on.
In the import exchange control.
Exchange control Some methods of trade control are usually import quota management and import license management.
Foreign exchange control also requires importers to deposit a certain amount of import money with designated banks when importing goods.
A certain foreign exchange tax is levied on the foreign exchange required for the purchase of imports.
Restrict the currency used by importers to make foreign payments, and foreign exchange control requires import commodities to obtain export credit provided by foreign countries.
The main methods of foreign exchange control are: permit system management.
Prepaid deposit system.
Stipulating THE maximum QUOTA system, stipulating the interval time for the purchase of non-trade foreign exchange, foreign exchange control controlling the time for foreign payment of non-trade foreign exchange, foreign exchange control levying tax on the purchase of non-trade foreign exchange, etc.
