Thursday, January 8th, 2009
What is a private foreign exchange agreement?
Why are people and companies engaging in private foreign exchange agreements? Why would you use an individual or a company to change large sums of e.g. US dollars against Euros? Why are people willing to pay a large commission (8-9%) to have their money exchanged rather than simply using a bank?
I can't tell you that.
It's private.
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January 8th, 2009 at 12:00 pm
you privately agree to freign exchange……
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