Question
What Foreign currency call accounts?
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28th Feb 2011 by admint
Foreign currency account is an account maintained in a bank in another currency than the currency of the country in which the bank is located. In Malaysia, FCA is an account denominated in currencies other than Malaysia Ringgit. Banks which are designed by Bank Negara Malaysia to open foreign currency accounts are called “Designated Banks”.
Foreign currency account is an account maintained in a bank in another currency than the currency of the country in which the bank is located. In Malaysia, FCA is an account denominated in currencies other than Malaysia Ringgit. Banks which are designed by Bank Negara Malaysia to open foreign currency accounts are called “Designated Banks”.
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4th Dec 2009 In Banking
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Subjects: foreign currency call accounts,