Epcg-ffe
This query is : Resolved
29 September 2016
what is free foreign exchange?
Present scenario how many currencies treated as FFE. Explain me brief
Present scenario how many currencies treated as FFE. Explain me brief
Dr.RAMAKRISHNA. C
(Expert)
30 September 2016
A Free Foreign Exchange currency is one which can be converted into other currencies.
According to Foreign Exchange Dealers' Association of India ( FEDAI), Mumbai currently there are 25 currencies which are treated as FFE. The exchange rate of FFE is decided by market forces and not by central / federal bank.
According to Foreign Exchange Dealers' Association of India ( FEDAI), Mumbai currently there are 25 currencies which are treated as FFE. The exchange rate of FFE is decided by market forces and not by central / federal bank.
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Dr.RAMAKRISHNA. C
(Expert)
30 September 2016
Please visit the website -www.fedai.org.in
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