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Banking system is a quite complex system as it has a lots of paper and electronic data feeding and transferring work. A lot of facilities are being provided by these banks to its customers, whether corporate houses or individuals. It lends loans for various purposes. But when we talk about international banking the picture changes because there are a number of laws framed by World Bank. The Reserve Banks of the countries become member of World Bank and deposit a ...
Today every country sells its products in international market and for that we need currency of the country concerned. Money exchange is required for this purpose and these facilities are provided by international banks (central banks of the country). Money exchange depends on the value of the currency of the country concerned. The transaction takes place only between recognised or national banks of the countries under the rule and regulation set by central or ...