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Do banks trade forex as part of their financial operations?

Yes, banks often trade forex as part of their financial operations to manage currency risks, facilitate international trade, and generate profits through currency trading.


Which banks hold indian black money?

A Big Part Of India's Black Money Is Held By Swiss Bank.


Is it euros in kos?

Yes, the currency used in Kos, Greece, is the euro. As part of the Eurozone, all transactions in the island are conducted using euros. Visitors can easily exchange their currency for euros at banks or exchange offices.


What currency is used in tennerife south?

The currency used in Tenerife South, which is part of Spain's Canary Islands, is the Euro (EUR). As a member of the Eurozone, Spain adopted the Euro as its official currency in 2002. Visitors can easily exchange their currency for Euros at local banks, exchange offices, and ATMs throughout the region.


What currancy is lanzarote?

The currency used in Lanzarote, which is part of Spain, is the Euro (€). As a Eurozone member, prices and transactions are conducted in euros. Travelers can easily exchange their currency for euros at banks, exchange offices, or ATMs throughout the island.


What is the currency used in micronesia?

The currency used in Micronesia is the United States Dollar (USD). Micronesia is part of a Compact of Free Association with the United States, which allows the use of the USD as its official currency. This facilitates trade and financial transactions within the region.


Who are national banks chartered by?

National banks in the United States are chartered by the Office of the Comptroller of the Currency (OCC), which is a part of the U.S. Department of the Treasury. This federal agency oversees the operations of national banks to ensure they adhere to banking laws and regulations. National banks must also comply with both federal and state laws, but their primary charter comes from the OCC.


Coins held in commercial banks are?

You are talking about money coins. but there are artificial coins also like challenge coins. Do you know about this?


What banks accept bvk currency?

NONE! The BVK is part of a financial scam run by Noah Musingku who is a real man posing as a fictional king on the island of Bougainville in the Autonomous Region of Bougainville.


What is international remittance code?

It appears to be part of a scam. International remittances are made by banks to banks or by individuals or corporations (or other legal entities) to foreign individuals or legal entities. These are checks usually in the currency of the originating entity. The payee's bank then finds the currency exchange value and, after deducting a fee of its own, deposits the remainder in the customer's account in the local currency. There may be situations in which a code may be required, but check with your local bank if someone is asking for money for a code.


What is international remittance code required?

It appears to be part of a scam. International remittances are made by banks to banks or by individuals or corporations (or other legal entities) to foreign individuals or legal entities. These are checks usually in the currency of the originating entity. The payee's bank then finds the currency exchange value and, after deducting a fee of its own, deposits the remainder in the customer's account in the local currency. There may be situations in which a code may be required, but check with your local bank if someone is asking for money for a code.


What is siberia's currency?

Siberia is part of Russia and its currency is the ruble.The international currency code is RUR.