Answers
Hi,
Most probably she is trying to defraud me. Her story is about foreign exchange in nigeria. There is more detail but not necessary to write here. She says she came to Nigeria from America. But the banks don't approve american dollars to exchange. Only I wanna know that is exchange foreign money in Nigeria impossible? What is money exchange conditions and rules in Nigeria? Can't we exchange our dollars or euros in banks?
Thanks in advance.
Any bank in Nigeria will readily accept USD in exchange for Naira (the local currency).
In addition, you have currency changers in most large towns, but they are generally less favourable.
Finally, you have Western Union franchisees nearly at every corner, where you can sell/purchase USD against Naira, also at a price. In these offices, you can also receive monies from abroad (but not send money abroad).
Also, if you are travelling abroad, you are entitled to a Personal Travel Allowance or a Business Travel Allowance, i.e. you can purchase from a bank USD or any other foreign currency at reduced (as in more favourable) terms.
Unformally, you will find money changers at every street corner of the business district. You change there if you want, at your own risk. I prefer to ask established businesses with which I trade on a normal basis. If they can't help me, they will recommend someone trustworthy.
Visit - www.bestforeignexchange.com Best Foreign Exchange is one stop for foreign currency exchange. We provide international money transfer, wire ...
I have a bunch of foreign money, mostly euros, left over form previous vacations and I want to know where I would go to exchange it for USD. Would my regular bank do it??
I assume Devonte is mentally retarded?
What about Pounds to USD?
Any FDIC bank will convert the money for you.
I have some foreign bills, what's the fastest way to exchange them to American dollars, like for someone who doesn't live in New York with exchanges on every corner? I went to the bank, but they have to mail them off and it can take 1-2 months. So do most airports have foreign exchange or what should I do?
most airports do or find a Federal bank
i have a variety of foreign money and i want to exchange it for us dollars? the banks won't do it unless you have an account with them and i am not going to open an account to try to exchange it, could someone please help me? thank you
You're local bank branch will usually do it.
i have 100 dollars in australian money.. and i need to know what banks will allow me to exchange
-i'm not planning to go to the airport anytime soon [so please dont suggest it]
Wells Fargo
World First Foreign Exchange Weekly Sterling Update - 26.10.09 - Picking ...
This week’s trade idea is a strategy rather than an option, and is called the ‘ratio forward’. It is a synthetic combination of two existing strategies (the participating forward and convertible forward) which are weighted 50% each. For a seller of sterling and a buyer of euro’s, this client took advantage of the combination of safety and potential upside benefits, hedging themselves for 6 months
When combined, these strategies mean that the client was able to guarantee a worst case rate (WCR) of 1.07. If spot at expiry had never traded at or above 1.18, the client was able to benefit in 75% of the favourable movement. If 1.18 is ever touched, then half of the exposure is reverted to a forward at 1.07, and you continue to benefit in 25% of any further favourable movement.
This strategy requires no premium, and is relevant for other currency pairs. As there is a potential strengthening for sterling in the future, it provides a balanced upside for this potential, while guaranteeing a tight WCR.
China Encouraging Overseas Investment to Take the Pressure Off of ...
Money Morning
China, for the first every now in 17 months, allowed complementary lucre companies to continue purchases of foreign assets through its Modified Hired help Institutional Investors (QDII) program. The supervision’s arbitration to concession for funds to establish abroad shows Beijing is cocky in the wide-ranging brevity, but vexed about the value of its currency, the yuan.
E Repository Executives Co. Ltd., China’s fifth-largest communal repository partnership, and the smaller China Merchants Scratch Government Co. Ltd. both obtained investment quotas from the Government Furnishing of Foreign Exchange (Shielded). Chest approved $1 billion in investment for E Reserve and $500 million for China Merchants. That means both funds are now uncontrolled to provide in offshore markets such as stocks and bonds.
While the quotas aren’t especially heavy they aim a noteworthy kaftan in method within the medial oversight, which hasn’t issued a allotment since May 2008. The move provides an way out for so-called hot money inflows – pinched-nickname risky funds in search of abrupt profits – as well as the regulation’s gigantic work imbalance.
. “But they need to aid outflows in a controlled way and as yearn as they have some sympathetic of characters upper class allotment they will not be talented to fully check the obligation urgency from inflows.”For that reason many analysts imagine that this marks a turning thrust for the QDII program, which could see a foil in action.
“ I won’t call it the inauguration of the floodgates but an foot in the door of the window ,” said Peter Alexander, Shanghai-based chairman at Z-Ben Advisors. “This move is very much in wire with other latest procedure initiatives, which definitely stepped up keep for the globalization of Chinese businesses.”
Alexander estimates that as many as 16 other family common funds are awaiting Safety-deposit box’s QDII allocation affirmation.
“This is the outgrowth of a unmistakeable smock in China’s conduct,” he said.
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