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What is a European union foreign exchange certificate?
What is a European Union Foreign Exchange Certificate? I am told that money cannot be trasnferred from Credit Suisse without it. Is that true? The cost is $10,000 US
Would the value of a 5 year Certificate of Deposit established in EUROS in a USA Bank be taxed by the IRS every year because of the exchange rate difference between EUROS and the US Dollar?
Foreign currencies are normally re-valued at the prevailing exchange rate at the end of each period. The corresponding Exchange Rate Gain/Loss flows through to the income statement and tax return therefore creating a tax liability or a tax benefit.
What is bank Fixed Deposit Receipt?
Foreign Traders trade on behalf of us risking there money & trade wit commodities & foregin exchange....
What is the difference between adr and gdr?
An ADR is American deposit receipts follow th strict norms laid down by SEC(securities exchange commission of America) & GAAP. GDR is global deposit receipts and traded in London stock exchange and luxemberg stock exchange .
What is bank Fixed Deposit Receipt trading?
Foreign Traders trade on behalf of us risking there money & trade wit commodities & foregin exchange....
Which foreign exchange system has the highest foreign exchange rate?
The Zimbabwean has the highest foreign exchange rate.
What do you mean by foreign exchange?
Foreign Exchange is Exchange between two currency.
What is the purpose of Foreign Exchange Remittance Certificate?
The Foreign Exchange Remittance Certificate (FERC) is a document issued by authorized banks or financial institutions that verifies the remittance of funds from one country to another. Its primary purpose is to ensure compliance with foreign exchange regulations and to provide evidence of the transfer for both the sender and recipient. FERCs are often required for tax purposes, legal documentation, or to facilitate further transactions involving the remitted funds. Additionally, they help promote transparency in international money transfers.
Why is foreign exchange generated by the tourist industry is important?
it is important because
What is the money in Myanmar?
The currency in Myanmar is "kyat".But the government has created "Myanmar dollar" which is being called FEC (Foreign Exchange Certificate) to control the economy.
What is depository receipts?
A negotiable certificate issued by a bank in the United States representing a specific number of shares of a foreign company that is traded on a U.S. exchange.
Can I travel with a foreign passport and naturalization certificate"?
Yes, you can travel with a foreign passport and naturalization certificate.
