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What is the reason for allowing US currency to be printed by foreign countries it would seem to be a great risk of counterfeiting?
Wiki User
∙ 15y ago
All U.S. currency is printed by the Bureau of Engraving and Printing. Plants are in Washington and Fort Worth, not outside the U.S.
Wiki User
∙ 15y ago
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What is the definition of foreign currency?
Foreign currency is the currency of another country, used for transactions such as international trade and travel. It can be exchanged for the local currency based on the current exchange rate.
What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
When a country devalues its currency this encourages the sale of its?
domestic goods to foreign countries
How is the conversion between foreign currency regulated?
Governments and banks determine the convertibility of currency. Depending on the country, currency may be fully or partially convertible. In several countries, currency is nonconvertible.
Where can one find information on foreign currency rates?
To get information on the current foreign currency rate, you can do a web search for that information. You can also search for the difference between two countries at that current time.
What is the significance of Forex Trades?
Forex trading is essential a money market trading system, allowing foreign currency to be traded around the world. The importance of Forex trading is that it determines the value of each currency across the world. Forex trading enhances trading between countries by enabling funds to be easily converted from one currency to another.
When and why do central banks buy their own currency or purchase from foreign countries?
Why central banks buy either their currency or the currency of another nation in the effort to countrol exchange rates
What factors create a foreign exchange gain on a foreign currency transaction?
An appreciation in a foreign currency creates a foreign exchange gain when the foreign currency is to be received. A decrease in the value of foreign currency creates a foreign exchange gain when the foreign currency is to be paid. (Hoyle, Schaefer, Doupnik, 2009, pp. 328)
How much foreign currency one can legally keep?
It depends on which country you are in. Most countries have no limit to how much foreign money you can keep. Some countries do have restrictions on owning foreign currency. The limits vary, in a very few countries it is illegal to own any foreign currency.A different question is how much cash you are allowed to bring into or out of a country. For example, in the case of the EU, if you bring in or out more then the equivalent of €10000 in any currency, you must declare it to customs. This is an anti money-laundering measure.
Is tourism the biggest earner of foreign currency for most countries?
yes, especially for big business such as U.S.A
What determines the foreign currency value against Indian currency?
The foreign currency against domestic currency is the buying and selling
Where can I get information about foreign credit?
A foreign tax credit is a credit for anyone who has worked in another country. Foreign trade credit is an insurance against currency changes for businesses that sell products to foreign countries.
