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How should purchases and sales of long-term foreign currency-denominated securities (debt and equity) by foreign residents be reported?

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How should purchases and sales of long-term foreign currency-denominated securities (debt and equity) by foreign residents be reported?

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A. Securities denominated in foreign currencies should be converted to U.S. dollar equivalents using the spot exchange rate at the close of business on the as-of-date of the report. The amount of the purchase or sale should then be reported opposite the country of the counterparty.

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