Regards foreign money as a bad thing (7)

I believe the answer is:

eyesore

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'a bad thing' is the definition.
'eyesore' can be an answer for 'thing' (I have seen 'Ugly thing ' mean 'eyesore' so perhaps 'thing' could also mean 'eyesore'). I'm unsure of the 'a bad' bit.

'regards foreign money' is the wordplay.
'regards' becomes 'eyes' (I've seen this before).
'foreign money' becomes 'ore' (I've seen this before).
'eyes'+'ore'='EYESORE'

'as' acts as a link.

Can you help me to learn more?

(Other definitions for eyesore that I've seen before include "Ugly item" , "Ugly prospect" , "Ugly sight, not nice to see" , "Blight" , "Unpleasant sight" .)

I've seen this clue in The Globe and Mail.

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