If you are doing overseas remittance, you can buy cash. If you are using it to withdraw cash or invest, you can buy cash.

According to Article 8 of the "General Obligations of Member States" of the IMF Agreement, for a country's currency to become spot exchange, it must meet three conditions: 1. For current items in the country's international balance of payments (trade and non-trade payments) and

There are no restrictions on fund transfers.

2. Do not adopt discriminatory monetary measures or multiple currency exchange rates.

3. At the request of another member state, it is obligated to repurchase the domestic currency balance in the other party's current account transactions at any time.

Freely convertible currencies are widely used in international exchange settlements, can be freely bought and sold in international financial markets, and can be converted into currencies of other countries without restrictions.

In international trade, the import and export trade settled in these freely convertible currencies is called spot trade.

Extended information: ①Pay with certificate.

Before shipping the goods, the seller must receive a letter of credit or letter of guarantee issued by the other party through a bank that meets the requirements of the contract. The bank acts as an intermediary guarantee.

②Payment without a certificate.

There is no need for a financial institution to provide guarantee, it is entirely based on the credit of both parties to the transaction; although the price settlement is also through the bank, the bank is only entrusted to handle the payment on behalf of the relevant transaction parties.

Regardless of whether it is payment with a certificate or payment without a certificate, the specified shipping documents must be presented when handling payment settlement.

The payment time can be divided into prepayment, immediate payment and deferred payment.

China's trade with Western countries and Hong Kong and Macao mainly uses spot trade, and sometimes other methods of collecting and paying foreign exchange are also used appropriately.