How do countries exchange money?
August 29th, 2009 | by mon-ex |
Antonio W asked:
How do we give money to countries like South Korea? They have different currency then us and live on the other side of the earth..If they ship is it in some kind of check? I just don’t get it can someone explain
ZELMA
How do we give money to countries like South Korea? They have different currency then us and live on the other side of the earth..If they ship is it in some kind of check? I just don’t get it can someone explain
ZELMA
2 Responses to “How do countries exchange money?”
By toms1266 on Aug 29, 2009 | Reply
Wire transfer.
By Doug B on Aug 31, 2009 | Reply
An agreed upon bank transfers that amount into an agreed upon bank with offices in its vaults this is all handled electronically at some.