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- Business, finance, etc.
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Samples in periodicals archive:
The order, which took effect from Thursday, restricts the sale of hard currency at foreign exchange bureaus, stressing that dollars only be provided to companies or individuals requiring medical treatment abroad, intending to pay school fees, fund foreign travels or support families outside the country.
Foreign exchange bureaus have now been barred from carrying out third-party banking and are subject to stricter controls.
While there are talks of mergers and new foreign entrants, the sector still comprises 43 commercial banks, seven subsidiaries of foreign banks, a mortgage finance company, 107 foreign exchange bureaus, two credit reference bureaus and nine deposittaking microfinance institutions.
The five were about to rob a foreign exchange bureau and a gold shop, armed with two rifles, two ammunition magazines, 48 bullets and a balaclava, said police.
American Express recently opened its first foreign exchange bureau at the airport, located in the Arcade before security, and is planning to open another two bureaux in Terminal 2 and Terminal 3 within the next few weeks.
Huang A-wang, deputy director of the foreign exchange bureau, the CBC, remarked that in a bid to curb inflation, the Chinese authority has continuously raised discount rate and required deposit reserves, on top of forex control, making it even more difficult for Taiwanese small and medium firms there to borrow loans.
Our Foreign Exchange Bureaus opened, during 2010, as a pilot project within a few branches and their service to our customers were well received and successful.
Hundreds of thousands were hidden in cars and driven abroad while other piles of "dirty" money were mixed with legitimate cash at a foreign exchange bureau and wired abroad.