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 ?
In Peshawar, 2175 Educational Institutions, 177 Banks, 109 Jewellary shops, 23 Money Changers, eight NADRA offices, nine Hospitals, two Courts, one TMA office,, four NGOs, One Press Club, three Wapda offices and two Hotels have been registered.
Since 2016, the central bank has been canceling the licenses of several money changers for various violations of money-laundering rules, including know-your-customer rules.
The money changers operate from wooden tables set up on the street with only an umbrella to protect them from the elements.
"The main driver of job growth was the non-bank financial sector (comprising insurance firms, money changers, financing companies, investment business firms and other non-bank financial institutions) which added 287 new jobs, an increase of 5.1pc, taking the number to 5,860 employees."
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.
Money changers claimed that the there was great rush for the dollar and they could see it may touch the century mark before the end of 2012.
Iranian money changers and foreign exchange market activists also believe that parity rates of various foreign currencies will soon decline due to the special measures taken by the government.
The Fars news agency, in a report on Sunday, said money changers in Tehran were hoarding dollars.
Tourists who can wait for their caffeine fix in town have two commission-free options: the post office and the motley assortment of independent money changers. (The major banks provide currency exchange services to account holders only.)
Talking to newsmen after a meeting with the delegation of money changers' association at State Guest House, he said that illegal transfer of money has been considerably declined after these measures, giving boost to home remittances through banks.
Jesus may have turned on the "money changers" but the first thing He would ask of the protesters is whose side they were on.
On June 14, Gulf News conducted a quick survey of specialised exchange houses in Dubai, from Deira to the airport, to find the best rates.EoACA Money changers in Deira and Naif Road gave the most favourable rates, as well as small-time exchange houses.