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What is the maximum amount of foreign exchange that can be held in the current foreign exchange accounts of a domestic institution?


The amount of foreign exchange that can be held in the current foreign exchange accounts of a domestic institution is increased. The new limit is the sum of 80% of foreign exchange income under current accounts, plus 50% of foreign exchange expenditures under current accounts in the previous year. If a domestic institution that had no foreign exchange expenditures under current accounts in the previous year needs to open an account, the initial quota of its current foreign exchange account shall be limited to no more than US$500,000, or its equivalent.

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