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Epcg-ffe

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(Querist)
29 September 2016 what is free foreign exchange?

Present scenario how many currencies treated as FFE. Explain me brief
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Dr.RAMAKRISHNA. C

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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.
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Naresh

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Naresh (Querist)
30 September 2016 How I get list of those currencies
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Dr.RAMAKRISHNA. C

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Dr.RAMAKRISHNA. C (Expert)
30 September 2016 Please visit the website -www.fedai.org.in
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