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Share The importance of internationalizing the rmb
2014-3-19 18:45
When I travelled to Mexico, I came back to London with some Mexican Pesos (the local currency). Next up, a business trip to Costa Rica, so I try to exchange the Pesos for Colones, the Costa Rican currency. It can be done, depending on where you are and if the bank has stock of the currencies. However, it is not a DIRECT exchange. First the cashier checks the rate Pesos to say US Dollars, gets the Dollar amount and the rate spread and the service fees, then as a separate transaction, the rate fro ...
Personal category: International Finance|1179 views|1 comments Popularity 1

International Educator, Economist, goal of helping to increase understanding of China by the West

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