Business turnoverfor transactions of foreign exchange, negotiablesecuritiesorfutures conducted by non-financialorganizationsorindividualsis free from business tax.
It is also time to put to rest a popular but fallacious view that since central-bank reserves equal only a fraction of the daily turnover on foreign-exchange markets, intervention is merely a drop in the bucket.
The WSJ Dollar Index is an attempt to improve on existing indexes by basing its value on actual, up-to-date turnover by all participants in the foreign-exchange market.