Theory of Money and Foreign Exchange

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 reserve banks of the countries. It facilitates people to move around the world without any hassle. Anyone can go anywhere and sell or purchase whatever trade or occupation he/she is dealing in. Foreign exchange plays a major role in trade and travel throughout the world. The author sincerely hopes that this work of him would be quite informative to the readers.