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Normal banks cannot print currency of their own. Only the government can do so. Also, governments are very cautious about printing new currency because overprinting can have catastrophic effects on the nations economy. Hence almost all country's try to print only as much extra currency as the country would need.

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Q: What is a bank that overprints currency?
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Continue Learning about Economics

Where do you get euros?

From a bank - or currency 'shop' !


What is a problem with exchanging currency?

There is no particular problem with exchanging currency. The problem is finding somewhere which will exchange the currency you have for the currency you want. If you are in a country, the easiest way is to go to the nearest bank cash machine and use your bank card (not credit card). This will dispense the local currency, and your bank will be charged that amount plus a small service charge. The currency conversion is done by your bank. Which exchange rate is used and whether you are ripped off is between your bank and you. If you want to change actual money, there are a number of places you can use: Exchanging physical money will nearly always be at a worse rate than using a cash machine. Always check the exchange rate before committing yourself to the transaction. - A "Bureau de Change". These are found at airports and in some tourist areas. - At a bank. You can do this either at a bank before you leave, or at a bank in the destination country after you arrive. If you do it at your bank they may have to order the currency.


Damaged us currency?

it should be taken to a bank to be exchanged


What is the name of Iraq's currency?

== ==The name of Iraq's currency is Iraqi dinar. The currency is issued by the Central Bank of Iraq. The dinar replaced the Indian rupee in 1932.


What is approx value of a 1983 20 dollar bill with part of the reverse side printed on the lower left front?

Overprints are considered to be major errors. Depending on the nature of your overprint, it could retail in the $150 to $300 range. You should get a couple of competing appraisals from dealers in error currency.

Related questions

If a dollar bill has the front printed on the back what is its value?

Overprints such as you describe can be quite valuable. Without inspection it's not possible to give an exact amount, but many overprints sell in excess of $100. Your best bet would be to have it appraised by a dealer or other expert who specializes in error currency.


How do you find a correspondent bank of all foreign banks?

One would look for a bank that is native to the currency that he/she is wanting to bank with. Often the bank will be located in a country where the currency is the usual currency.


When was Currency Museum of the Bank of Japan created?

Currency Museum of the Bank of Japan was created in 1985.


Which bank's name features on Indian currency notes?

Reserve Bank of India's name features on Indian currency notes. It is a government bank. This banks publishes Indian currency.


Where besides a bank can you exchange currency?

currency changer


What is a bank note?

It's a proper term for paper currency, where the bill was issued by a specific bank, such as the Bank of England or US Federal Reserve.


What is it called when a nation overprints money?

Surplus


Can you swap old currency for new currency in the bank?

yes


How you can convert What if your currency to foreign currency through ATM's?

In bank


Can bank convert foreign currency to home currency without customer's approval?

If a customer receives a bank transfer in a foreign currency to his/her account it is standard practice to convert it into the currency of the account.


Which has authority over the printing of currency?

The printing and distribution of currency is the responsibility of a central bank. There is a different central bank for each currency. For example, the European Central Bank is responsible for the Euro (€), ensuring enough currency is printed, but not too much to cause inflation.


1934 ten dollar bill that has the face overstamped on the back of the bill What do you think its worth?

Overprints are usually considered to be major errors and can retail for $100 or more. You should get a couple of competing evaluations from dealers in error currency.