foreign exchange account

But it is generally recommended that buyers have a foreign exchange account to get the best rates on money transfers.

"Back to their foreign exchange account.

Most Japanese bank executives say the answer lies in increasing fee revenue by selling depositors more mutual funds, insurance plans and foreign exchange accounts.

The IMF reports that both residents and non-residents may hold foreign exchange accounts, but approval is required in some cases.

CIA doesn't agree, but Mark Gant thinks their foreign exchange account's a little thin."

Volkwagen's charges were the first major case to emerge in West Germany involving efforts to defraud a company by manipulating foreign exchange accounts.

Lipschutz was the principal trader for Salomon Brothers' proprietary foreign exchange account from 1984 until he left in June 1990.

Jack, if we apply the same trade laws to China that the Chinese apply to us, well, it'll put a major crimp in their foreign exchange accounts.

This reality did not dissuade Mujib from demanding in 1966 that separate foreign exchange accounts be kept and that separate trade offices be opened overseas.

The plan enabled Spain to avert a possible suspension of payments abroad to foreign banks holding Spanish currency, and by the close of 1959 Spain's foreign exchange account showed a US$100-million surplus.

In addition, it was also possible for holders of a foreign exchange account to order from the hard currency mail order GENEX catalog (GENEX gift service GmbH).

Investors were permitted to hold foreign exchange accounts with the Commercial Bank of Syria to finance hard-currency requirements, and would be free to repatriate foreign exchange capital from five years after the date of the investment.

When used by the holder of a foreign exchange account for such an "internal" GENEX purchase, the cost of the order was debited directly from the account by Giro or Cheque Clearing methods.

In 2009, Iran's President Mahmoud Ahmadinejad ordered the replacement of the US dollar by the euro in the country's foreign exchange accounts because "it would help decouple Iran from the US banking system."

Thus citizens of the GDR who were in the possession of foreign exchange (typically Deutschmarks sent by Western relatives or, for a small minority such as writers and artists, overseas royalties earnings) were obliged to deposit this in a dedicated foreign exchange account with the state bank.

The New China news agency quoted Mr. Li as telling a meeting of bankers that China should reform its foreign exchange system, letting coastal cities borrow more short-term foreign exchange, allowing a limited number of individuals to deal in foreign exchange and allowing companies to open foreign exchange accounts.

Since the stock of dinar assets held by households has risen much more slowly than this, the proportion of household assets held in foreign exchange accounts has steadily grown: while in 1980 this proportion was less than 40 per cent, by the end of 1986 it had reached nearly 70 per cent.