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We could do this because foreigners were selling their currencies to buy American assets, supplying Americans with foreign exchange to buy Frenchwine and Japanese cameras.
But it's odd for China's State Administration of Foreign Exchange to say the same thing.
Gasoline and diesel oil are scarce because there is no foreign exchange to pay for them.
It marked the start of an unprecedented build-up of foreign exchange to insure against future balance-of-payments problems.
4. Central banks buy and sell foreign exchange to stabilize the international value of their own currency.
Tourism is growing in importance, and international visitors contribute large amounts of foreign exchange to the Argentine economy.
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Chinese regulations currently do not allow foreign exchanges to operate mainland warehouses.
It also seeks to force traders using foreign exchanges to follow United States regulations.
It was also clear that the Commodities and Futures Trading Commission, America's main derivatives regulator, would soon authorise foreign exchanges to put their terminals on American traders' desks.
For example, it would probably require all companies listed on foreign exchanges to comply with American disclosure standards, the toughest in the world.
Britain let the pound slide on foreign exchanges to help restore competitiveness after its banks were hit hard by the credit crunch.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com