0
Foriegn Exchange department in a bank has following functions: EXPORTS * Pre-shipment Advances * Post-shipment Advances * Export Guarantees * Advising/Confirming Letter of Credit * Facilitating project exports * Bills for collection IMPORTS * Opening letters of credit * Advance bills * Import loans and guarantees. EXCHANGE DEALINGS * Rate computation * Nostro/Vostro Accounts * Forward contracts * Derivatives * Exchange position and cover operations REMITTANCES * Issue of DD, MT, TT etc. * Encashment of cheques, DD, MT, TT etc. * Issue and encashment of travelers' cheques * Sale and encashment of foreign currency notes * Non-resident deposits STATISTICS * Submission of returns * Collection of credit information
What else can I help you with?
Convert 45k Australian dollars to SA rand?
i use to work in the foreign exchange department at bank one, call a major bank and ask for the foreign exchange department and they will help you.
What are the functions of RBI?
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
What are rbi's functions?
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
Where do i exchange foreign currency for dollars?
A bank
What has the author D A Sharratt written?
D. A. Sharratt has written: 'Exchange rates and reserve bank foreign exchange operations' -- subject(s): Foreign exchange administration, Reserve Bank of Australia
Functions of finance department in a bank?
to control the bank position financially
CAN you exchange your foreign currency at your local bank?
Yes
How do you determine foreign exchange?
Foreign Exchange rates vary on a daily basis. You can check them in newspapers, on financial websites, or in a bank.
Where is their a foreign exchange bank in Memphis tn?
In Memphis, TN, you can find foreign exchange services at various banks and financial institutions, such as Regions Bank and First Tennessee Bank. Additionally, currency exchange services are available at certain exchange bureaus and travel agencies. It's advisable to check with specific locations for their foreign exchange offerings and hours of operation.
Where is the foreign exchange in London?
The foreign exchange in London is located at a variety of places throughout the city. The London Foreign Exchange under the Bank of England, International Currency Exchange and Holborn Currency Exchange are all places a traveler can visit for their foreign exchange needs in London.
How much will you get for foreign money?
Depends on the current foreign exchange rate. Ask your bank.
Do all banks exchange foreign money?
yes all banks do. contact your bank and ask them they will probably tell you that they do exchange foreign money if you are planning on doing that then tell your bank and exchange some foregn money:)
