# Foreign (xeno) currency account

- Canonical URL: https://www.gerhardmerk.de/foreign-xeno-currency-account
- Post ID: 590040
- Modified: 2023-07-25T21:00:43+00:00
- Language: en

## Definition

Generally, the establishment of an account in a non-domestic currency with a bank in the domestic currency area. - In particular, the maintenance of such an account by a resident person. The latter is currently prohibited by the authorities in more than half of all countries in the world. - See tendering obligation, export premium, exposure quota, foreign exchange cover, foreign exchange allowance procedure, foreign exchange offense, foreign exchange allocation confirmation, parallelism requirement. 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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1