PRACTICAL ASPECTS RELATED TO THE ACCOUNTING OF FOREIGN CURRENCY MARKETING IN THE LICENSED BANKS OF THE REPUBLIC OF MOLDOVA

Commercial banks perform operations on the currency market in order to buy a certain amount of currency that is necessary in their currency activities with clients, to receive speculative earnings as a result of currency purchase-sale transactions, as well as to cover the risks that appear in currency exchange fluctuations. This article evaluates the peculiarities of the accounting of foreign currency sale and purchase through transfer and in cash. The article also pays special attention to the ways of starting and managing of currency accounts in licensed banks and to the foreign exchange offices organization and functioning in the Republic of Moldova.