The authorities in charge of foreign exchange business shall undertake the following tasks:
1.To draw up plans for foreign exchange reserve management and on foreign exchange receipts and disbursements;
2.To authorize and supervise banks engaging in foreign exchange operations;
3.To regulate the supply and demand of foreign exchange in order to maintain an orderly foreign exchange market;
4.To examine and approve private outward and inward remittances;
5.To supervise private enterprises' foreign borrowings guaranteed by authorized banks, with reference to their management and their repayment on schedule;
6.To purchase and sell foreign currencies, bills and notes and marketable securities;
7.To compute, compile, analyze and report the receipts and disbursements of foreign exchange; and
8.Other operations relating to foreign exchange.