Friday, July 4, 2008

History of foreign currency

Dealings of the deposit of the foreign currency'The foreign Exchange Control Law' in April, 1998 in a word, it was born by the revision of the foreign currency exchange and Foreign Trade Law.
What is the revised content?

..the one of having enabled the exchange to be had dealings it... the liberalization of the bank of the foreign exchange business that is 'Monopoly' till then, and free everyone(It was permitted only to the authorized foreign exchange bank. )

And, dealings (FX) of the deposit of the foreign currency :.
The contract unit ..'10,000 dollars'.. is made a small sum so that an investor general as for dealings of a foreign exchange of the contract unit 'One million dollars' may also participate easily, and the mortgage do capital of it of about 100,000 yen (deposit) and financial products that can be done doing in an inter-bank market (interbank market). (The position of indeed one million dollar cannot be taken. ..(.. ..laughter..))

To be briefThe bank, the institutional investor, and the big enterprise are Monopoly.opened to private investor of 'Foreign currency exchange' ..epoch-making event it..