Unless otherwise defined, a foreign exchange licensed bank is an institution that is authorized to deal in foreign means of payment under a prevailing compulsory foreign exchange economy. In Germany, under the Law of May 8, 1923, private banks required a permit (Konzession; permission) from the Ministry of Commerce.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/