settled in foreign exchange

基本解释

In the old days, when foreign exchange was in short supply, all trade and investment activities were required to be settled in foreign currencies.
胡晓炼说，过去，当外汇供应不足时，全部贸易投资活动都必须用外汇结算。
In particular, the export proceeds in foreign exchange shall be first injected into an account of foreign exchange instead of being directly settled.
其中，出口收汇应当先进入外汇账户，不得直接结汇；
fairylaw.com
In case the foreign exchange quota is settled ahead of time into foreign exchange in cash to pay the performance bond in advance, the settlement is limited to using US dollar.
使用外汇额度提前结成现汇预交履约保证金的，仅限于结成美元。

Retail investors still face a bureaucratic battle and high fees if they want to invest in foreign shares, which are typically listed on a foreign stock exchange and cleared and settled under local rules.
ECONOMIST: European financial regulation: No SECs please, we’re European The