The Administration of Foreign Exchange stipulates that a citizen can only purchase 50,000 U.S. dollars or foreign currency equivalent to 50,000 U.S. dollars a year? So a citizen with his or her ID card can only remit foreign currency 50,000 U.S. dollars or foreign currency equivalent to 50,000 U.S. dollars, which exceeds the maximum limit of the banking system.

It will automatically prompt you to expand the information. Foreign exchange is held by the monetary administration (central bank, monetary management agency, foreign exchange stabilization fund and Ministry of Finance) in the form of bank deposits, Ministry of Finance treasury bills, long-term and short-term government securities, etc. It can be used when the international balance of payments is in deficit.

Debt used.

Including foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bills, corporate bonds, stocks, etc.), foreign currency payment certificates (bills, bank deposit certificates, postal savings certificates, etc.).

As of 2015, China ranked first in the foreign exchange reserves of governments around the world.

However, the United States, Japan, Germany and other countries have large private foreign exchange reserves, and the country's overall foreign exchange reserves are much higher than those of China.