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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.
What else can I help you with?
What is the exchange that is done with foreign money?
A wide variety of foreign money is exchanged. It really depends on what currency is being used, and how much of that currency is being used, and the value of that particular currency.
How does the foreign exchange rate of one currency compare to another currency?
The foreign exchange rate of one currency compared to another currency shows how much one currency is worth in terms of the other currency. It indicates the relative value of the two currencies in the global market.
What determines how much a foreign currency is worth in a certain nation?
the exchange rate
How much is American money in France?
Very little. The currency of France is the Euro. Very few shops will accept foreign currency.
How much money can you find and keep legally?
None
What are foreign exchange terminology?
Important terminologies includes Pip, Spreads, Capital, Leverage, Base Currency, Quote currency and much more.
What is direct and indirect exchange rates?
Direct exchange rates refer to the amount of domestic currency needed to purchase one unit of foreign currency, commonly expressed as the domestic currency per unit of foreign currency. Conversely, indirect exchange rates indicate how much foreign currency can be obtained with one unit of domestic currency, typically expressed as foreign currency per unit of domestic currency. For example, if the direct exchange rate of USD to EUR is 0.85, it means 1 USD can buy 0.85 EUR; the indirect rate would be approximately 1.18, meaning 1 EUR can be exchanged for 1.18 USD.
How much is China's foreign currency reserve what is china's position in the world in terms of foreign currency reserve?
As of October 2023, China's foreign currency reserves are approximately $3.1 trillion, making it the largest holder of foreign currency reserves in the world. This significant reserve reflects China's extensive trade surplus and its role as a major global economic power. The reserves are mainly held in U.S. dollars, which underscores China's integration into the global financial system.
How much is 100 ekaton in pounds?
The Ekaton is a former currency for the country of Greece. This currency can no longer be legally traded and there is no listed value.
How much in pounds is 100 Ekaton worth?
Greek currency (Ekaton - Greece Drachmae) is no longer in circulation (converted to Euro).
How much money can you leave with from ABU DHABI?
There are no restrictions on removing money from the UAE, there are normally restrictions placed on how much foreign currency you can take into a country
I want to exchange from currency. Will I need to pay a fee for it to the bank?
No, banks do not charge any fee for currency exchange. It is one of the biggest benefits of getting foreign currency from the banks. Also, the foreign currency rates are very competitive in the banks much better than private money lenders.
