# Foreign exchange licensed bank

- Canonical URL: https://www.gerhardmerk.de/foreign-exchange-licensed-bank
- Post ID: 591500
- Modified: 2023-07-25T21:01:01+00:00
- Language: en

## Definition

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/

## Machine-readable

- Generator: Merk Knowledge 1.1.1