MOFa/c - M.O.F.A.C.

…This special account was established in April 1951 based on the Foreign Exchange Fund Special Account Law (promulgated in 1951) to facilitate the buying and selling of foreign exchange and the associated receipts and payments of yen by the Japanese government. It is abbreviated as the Foreign Exchange Account. Prior to the establishment of this account, the Foreign Exchange Special Account, established in December 1949, included not only the profits and expenses of foreign exchange transactions, but also the buying and selling of foreign exchange itself in the budget. However, the Foreign Exchange Fund Special Account, which was established to replace this, separates the buying and selling of foreign exchange itself from the receipts and payments of the revolving fund known as the foreign exchange fund (overseas funds in foreign currency), and only includes the profits and expenses of transactions in the budget. …

*Some of the terminology that refers to "MOFa/c" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…外国為替資金特別会計法(1951公布)に基づいて設置された特別会計で，日本政府が行う外国為替等の売買およびそれに伴う円貨の受払いを円滑にするため，1951年4月に設けられた。外為会計と略称される。この会計が設置される以前は，1949年12月に設けられた外国為替特別会計では，外国為替の売買益や経費のみならず，外国為替の売買自体をも予算に計上していたが，これに代わって設けられた外国為替資金特別会計では，外国為替の売買自体は外国為替資金(外国通貨による在外資金)という回転基金の受払いと切り離して，売買益や経費だけを予算に計上することとなった。…

※「MOFa／ ｃ」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報