The phrase "foreign dollars" is correct and usable in written English.
You might use it when referring to currency from a country other than your own, such as in the sentence: "We are saving up our foreign dollars to take a holiday abroad next year."
They think it's the government's handiwork, just so it can get foreign dollars.
To finance its growing deficit, the US wanted to lure foreign dollars back home.
Foreign dollars ought to be channeled into national childhood immunization programs, providing needed vaccines, training and public education.
Strong signs of local business confidence, the officials say, will attract foreign dollars and, ultimately, reduce joblessness.
Indonesia, which like Turkey and Brazil relied on foreign dollars to finance large current-account deficits, also announced on Friday a series of steps to increase the availability of dollars in the markets and the broader economy.
Investment bankers who specialize in energy deals say that Saudi Arabia may have more difficulty attracting investors as profit margins thin at oil companies, and Russia's huge oil and gas reserves lure in foreign dollars.
Concerns about inflation, particularly on the part of foreign dollar-holders, are likely to show up first in the relative prices of internationally traded commodities.
That deficit, which includes profits on investments as well as trades in goods and services, has to be covered with foreign dollar inflows.
That is, how does one make monetary policy when headline inflation includes the price of financial assets that are prone to speculation, bubbles, and busts?The second point, that "concerns about inflation, particularly on the part of foreign dollar-holders, are likely to show up first in the relative prices of internationally traded commodities", is less clear to me.
Nor did he speculate on how such a radical shift in monetary policy would sit with foreign dollar holders.
Concerned foreign dollar-holders would become even more concerned.
