Moneychanger

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Moneychanger

A person or, less commonly, an institution that exchanges one currency for another on behalf of a client. For example, if one presents a moneychanger with U.S. dollars, the moneychanger may provide one with an equivalent amount of British pounds. Modern moneychangers originated in medieval Europe and were instrumental in the development of banking.
References in periodicals archive ?
The money changers operate from wooden tables set up on the street with only an umbrella to protect them from the elements.
BEIRUT: In yet another step to keep Lebanon's money exchange businesses under its control, the Lebanese Central Bank has forbidden small money changers from performing cash transfers under the informal Hawala system.
The Iranian money changers believe that if the CBI continues to inject more US dollars into the market, its parity rate against Iran's national currency, rial, will soon fall to 30,000 rials for every dollar.
The Iranian Money Changers Association, a state-licenced body, instructed its members to sell dollars at 28,500 rials, Mehr news agency quoted a trader as saying.
That drives travelers to the money changers in the street and depresses the rial yet further on the free market.
EoACA Money changers in Deira and Naif Road gave the most favourable rates, as well as small-time exchange houses.
SANA'A, March 19 (Saba)- The Central Bank of Yemen (CBY) decided on Saturday to reconsider sanctions taken recently against some money changers because of their speculation in exchange rates.
The India Travel Card will initially be available at select Axis Bank branches in Mumbai, Delhi and Chennai as well as a large network of money changers.
Pillai operated from five- star hotels and duped money changers in different cities worth Rs 1 crore.
Haji Muhammad Amin Jan Khosti, head of money changers association of the market told Pajhwok Afghan News on Thursday that Muhammad Kazim waz abducted by three armed men on Wednesday morning from Dasht-i-Barchi while coming to the market.
But it adds insult to injury when unscrupulous money changers devalue our notes for no reason.