Page 8 - Chapter 22 - Foreign Exchange
P. 8

EXCHANGE ITEM                                                            DESCRIPTION





     Unit of currency                                           A unit in foreign currency, e.g. dollar


                                                                notes and travellers' cheques.




                             Debt                               Includes:


                (receivable by or                               - creditors/debtors where debt is


                     payable to)                                   invoiced in foreign currency

                                                                - loans received/granted in a


                                                                   foreign currency

                                                                - any cash amounts held in foreign


                                                                   currency e.g. deposit in foreign


                                                                   currency.
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