Forex Digest

Hi,
Most probably she is trying to defraud me. Her story is about foreign exchange in nigeria. There is more detail but not necessary to write here. She says she came to Nigeria from America. But the banks don't approve american dollars to exchange. Only I wanna know that is exchange foreign money in Nigeria impossible? What is money exchange conditions and rules in Nigeria? Can't we exchange our dollars or euros in banks?
Thanks in advance.

Any bank in Nigeria will readily accept USD in exchange for Naira (the local currency).

In addition, you have currency changers in most large towns, but they are generally less favourable.

Finally, you have Western Union franchisees nearly at every corner, where you can sell/purchase USD against Naira, also at a price. In these offices, you can also receive monies from abroad (but not send money abroad).

Also, if you are travelling abroad, you are entitled to a Personal Travel Allowance or a Business Travel Allowance, i.e. you can purchase from a bank USD or any other foreign currency at reduced (as in more favourable) terms.

Unformally, you will find money changers at every street corner of the business district. You change there if you want, at your own risk. I prefer to ask established businesses with which I trade on a normal basis. If they can't help me, they will recommend someone trustworthy.

2009-01-21 11:39:30 by Curious S

To determine the foreign exchange rate for different currencies, check the local paper for exchange rates, and pay attention to the inflation rate ...

I have a bunch of foreign money, mostly euros, left over form previous vacations and I want to know where I would go to exchange it for USD. Would my regular bank do it??
I assume Devonte is mentally retarded?
What about Pounds to USD?

Any FDIC bank will convert the money for you.

2009-06-24 12:18:13 by Birdxtoxman

I have some foreign bills, what's the fastest way to exchange them to American dollars, like for someone who doesn't live in New York with exchanges on every corner? I went to the bank, but they have to mail them off and it can take 1-2 months. So do most airports have foreign exchange or what should I do?

most airports do or find a Federal bank

2008-07-17 12:41:54 by raweggsandfish

Does anyone know a place in Chicago,Illinois where i can take foreign money and exchange it for American money?

Most currencies are exchangeable at almost all branches of most U.S. banks, in some cases you will have to return after they have exchanged the money with the MAIN Branch. Major branches are the best to exchange all types of foreign currency. Some small amounts of odd currencies will not be accepted (Russian rubles) most times will have a 100-dollar cutoff for the bank to accept them. Some types of currencies are not accepted at all if they are from a country with daily exchange fluctuations UNLESS you are a major banker at the bank you are trying to exchange them at. The bank will let you know the cut off amount is. In a worse case situation you may have to return to an international airport to have the money exchanged.

Always try to exchange your currency before you leave the country. You can lose sometimes up to 25% exchanging it in the U.S.A.

DonPato
San Jose
http://www.donpato.com

2006-12-16 15:14:33 by Ms.Candy E

i have a variety of foreign money and i want to exchange it for us dollars? the banks won't do it unless you have an account with them and i am not going to open an account to try to exchange it, could someone please help me? thank you

You're local bank branch will usually do it.

2009-08-03 17:50:34 by jESSICA S