In addition, retail investors' direct share of Japan's foreign-currency market may be 20-30%, whereas individuals' holdings of foreign currency exceed foreigners' holdings of Japanese securities.
The government closed markets and banned both North Koreans and foreigners from using foreign currency – widely employed by the better-off to pay for goods smuggled in from China – but later reversed the currency ruling and eased restrictions on trading.
Unlike the Chinese zones, the Sinuiju region would be run by a foreigner, use foreign currencies (American and Chinese), pay no tax to the central government, and have a separate legal system.
Back then privileges such as travel abroad, meetings with foreigners and access to foreign currency were granted only to the most loyal citizens.In this section Politics begins at home An orthodox friendship Climbing mount improbable Tusk take two Schmitt quits Currency disunion ReprintsAfter the end of communism Mr Schmitt made a swift turn right.
While large firms issue bonds in foreign currency and borrow from foreigners, the vast majority of firms issue only in local currency and do not directly access foreign capital.
Strict controls can prevent residents and foreigners from selling renminbi for foreign currency on onshore markets and transferring the proceeds abroad.
That category of stock, traded here but denominated in foreign currency, has been reserved for foreigners.
Many of Ruparelia's customers were foreigners who preferred to pay in foreign currency.
EMERGING markets are tainted in investors' eyes by "original sin": they must borrow from rich foreigners in the foreigners' currencies.
We can end foreign currency manipulation at any time simply by restricting or taxing foreigners' ability to lend us debt and buy our assets.
"Foreigners [visiting Colaba] can expect to be accosted by the Prabhakers of today, offering drugs, accommodation and foreign currency exchange," Tyagi said.
