Foreign money department

In a bank, the department responsible for the management of foreign notes and coins. The relevant employees must not only have knowledge of all the world’s currencies, but also procure foreign money at the best possible price for the benefit of the customer (trading with and managing the purchase and sale of foreign currencies is a very specialized business. Regulary the foreign exchange department works closely with the foreign exchange markets in each country, thereby dealing with the financial centers worldwide). – See Coin Commis.

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/