Settlement of foreign exchange is the abbreviation of foreign exchange settlement, which is divided into two situations: individual settlement and company settlement. It must be handled in a bank or online banking. At present, many domestic banks can handle it. Compulsory foreign exchange settlement means that all foreign exchange income must be sold to designated foreign exchange banks, and foreign exchange is not allowed to be retained; Willingness to settle foreign exchange means that foreign exchange income can be sold to designated foreign exchange banks or left in foreign exchange accounts, and the owner of foreign exchange income decides whether to settle foreign exchange; The limit of foreign exchange settlement means that foreign exchange income cannot be settled within the quota approved by the state, and those exceeding the limit must be sold to designated foreign exchange banks. In China, the system of compulsory settlement of foreign exchange was used in the past. In August 2008 1 after the promulgation of the new foreign exchange management regulations, China now implements the settlement/settlement system.