A company or person which intends to carry out the functions of Forex currency or money changer activity after obtaining license from the Reserve Bank of India shall be regarded as fully fledged money changer. FFMCs are authorized to purchase foreign exchange from residents and non-residents visiting India and to sell foreign exchange for certain approved purposes.
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Money-Changing and Remittance Businesses. This is designed to prevent those in the money exchange business from engaging in money laundering.
These rules vary by state.
The state of Illinois, for example, requires that a daily cash sheet. How to Start a Money Changer Business. comments; 31, views; Dear sir can u pls give the business plan for money changer I am goon a open it but don't know when. pls be guide me tg. i wish to set up money changers business in any city wi good business for this biz, please guide me.
[email protected] How to Start a Money Exchange Business. comments; 37, views; Money gives birth to money. This is the reason why one of the most in demand businesses today which is very ideal for you to venture into is the money exchange business.
ST Money Changer is a new business that will be established in the community of Masantol Pampanga, thus gives job opportunities to the residents of the said location. In that case, it also helps the economic status and development of the community.
Dear Sir, Can you please help me make a business plan of money changer. pls. send me at [email protected] Thank you so much.