Commitment by the foreign exchange authority to provide – a requested amount of foreign currency – at a specific time and – for the purpose specified in the application, usually for a commercial import. In this context, it must be assessed and decided whether the transaction designated by the applicant is opportune in terms of foreign exchange policy (from the foreign exchange point of view). – See export premium, exposure quota, foreign exchange cover, foreign exchange advance, foreign exchange compulsory economy, import, commercial, import and payment authorization, parallel offer.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/