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Foreign exchange account opening application
Foreign exchange is a payment instrument denominated in foreign currency for international settlement. The International Monetary Fund explains foreign exchange as: Foreign exchange is the debt held by monetary authorities (central banks, monetary institutions, exchange equalization funds, and finance ministries) in the form of bank deposits, treasury bills, long- and short-term government securities, which can be used in case of international payments deficit. It includes: foreign currencies, foreign currency deposits, foreign currency securities (government bonds, treasury bills, corporate bonds, stocks, etc.), foreign currency payment instruments (bills, bank deposit certificates, postal savings certificates, etc.), and agency foreign exchange account opening.
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