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 ?
Last May, the BSP announced it has revoked the licenses of Edzen Enterprises of Zenaida Artuz and World Wide Money Changer of Elliot Artuz to operate as remittance agent, foreign exchange dealer, and money changer.
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.
Second, there is the case of a money changer who makes a moderate profit from the fact that Peter who has a certain sum of money in Milan gives it to a money changer to have an equal sum of money given to himself or to another in Rome.
SINGAPORE, March 2 Kyodo The crime rate in Singapore inched up last year after nine years of decline, with a sharp rise in thefts outside banks and money changers, police said Tuesday.
The vice president can be responsive but still avoid negotiating either by applying standard operating procedures (e.g., direct the ED staff to submit a request to the purchasing office) or by developing a new policy that addresses the money changer issue (e.g., all contracts with machine vendors shall require that they supply money changers).
The five policemen detained had alleged that they had received 'information'' from the ASP and the three BNM officers to rob the victim a manager at a money changer outlet in Jalan Silang here.
Both Edzen Enterprises and World Wide Money Changer also violated the minimum procedures on the sale and purchase of foreign currencies by money changers and foreign exchange dealers as well as the transactional requirements for large value payouts.
In a press statement, the Bangko Sentral ng Pilipinas said its policymaking Monetary Board canceled the certificates of registration of Edzen Enterprises and World Wide Money Changer.
According to Masher Adjula, owner of Best Money Changer, the suspect first exchanged 700 euros for pesos at his shop located on Timog Avenue on January 1.
Recently, some money changers were grilled in this regard by the authorities while a big money changer is already in custody over charges of money laundering.
Islamabad: Police say two retired army officers were involved in April 22 robbery in which an amount of Pakistani Rupees 70 million (Dh2.5 million) was looted from a money changer at Islamabad's Benazir Bhutto International Airport.