Foreign exchange (xenocurreny)

Domestic money in the hands of non-residents or foreign money in the possession of residents. – Foreign exchange can exist not only in the form of cash – then called foreign notes and coins in banking parlance – but also as foreign currency claims, balances in foreign banks, checks, remittances and bills of exchange. – See discount, cash foreign exchange, denomination, foreign exchange market, cash equivalents. – See the annex “Euro area statistics,” section “Monetary statistics,” subheading “Consolidated financial statement of the Eurosystem” in the respective ECB Monthly Bulletin on foreign currency claims.

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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/