Bureau de change definition

Bureau de change means natural or legal persons whose activi- ties consist in the exchange of legal tender at the official exchange rate or of virtual currencies against legal tender and vice versa. Virtual currencies shall be understood to be digital monetary units, which can be exchanged for legal tender, used to purchase goods or services or to preserve value and thus assume the function of legal tender;5
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Bureau de change means natural or legal persons whose activi- ties consist in the exchange of legal tender at the official exchange rate;10
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Bureau de change means a business that exchanges cash in one currency for cash in another currency;
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Examples of Bureau de change in a sentence

  • The margin realized will be VAT exempt and the Bureau de change will not be required to issue a valid tax invoice for this margin.

  • Sometimes it is worrying that even Bureau de change no longer guarantees the safe exchange of their customers’ money due to widespread malfeasance by employees in connection with fake notes! Indeed much of the crime which occurred in Dar es Salaam, could be described as what historians of western societies have termed ‘social crime’ SME LocationCooperationTrust/enthusiasmGender (sex, Age)Proper attitudeEffective PlanningMgt.

  • Bureau de change buy and sell foreign exchange to retail and business customers and issue and exchange travellers’ cheques.

  • It is worrying that even Bureau de change no longer guarantees the safe exchange of their customers’ money due to widespread malfeasance by employees in connection with fake notes! Indeed, much of the crime which occurs in Dar es Salaam, could be described as what historians of western societies have termed ‘social crime’ 1 The great part of this narration is taken from the writings of Andrew Burton (2002) ‘Crime and Entrepreneurship in Dar es Salaam’.

  • TABLE 3: Exchange Rate of US!>1 to NairaYEARIFEM/AFEMNParallel Market Bureau de change N19988087.87199997.2399.262000101.65121.502001113.45135.52002112.151352003128.20 *142 **Source: CBN Annual Report various issues* Exchange Rate as at August 20, 2003 - Dutch Auction System 106th session.

  • Table 13a: Key data Bureau de change 20182017Volume36,83940,568Value£11,568,527£10,814,710Average transaction£314£266 Table 13b: Key data Agency services 20182017Funds sent volume5,4426,247Funds sent value£1,315,286£1,577,734Average transaction£242£252 Funds received volume448400Funds received value£154,033£148,541Average transaction£344£371 Business is conducted face-to-face and mostly with residents of the Isle of Man.

  • The bureau de change also realizes a margin on this transaction based on the bid-ask rate spread.The bureau de change will charge Bahrain VAT at the standard rate of 10% on the commission and will have to issue a VAT invoice for this commission.The margin realized will be VAT exempt and the Bureau de change will not be required to issue a VAT invoice for this margin.

  • Bureau de change are defined as “a person licensed under Section 30 of the Bank of Botswana Act to transact foreign exchange business”.

  • Bureau de change and cheque cashing transactions are excluded from this question as data relating to these areas is being collected in spreadsheet GB (GB14 - GB18 for bureau de change, and GB19 – GB20 for cheque cashing business).

  • The Bureau de change scheme should also be allowed to operate if only to marginalize the evils of black market activities in foreign exchange.


More Definitions of Bureau de change

Bureau de change means a person licensed under this Act to carry on foreign exchange business;
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Bureau de change means any person authorised under the Exchange Control Act to buy and sell foreign currency and licensed under this Act to carry on foreign exchange business;
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Bureau de change means the money exchange points on board ships operated by P&O Ferries;
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Bureau de change or “bureau” means a person with a Part 7 permission to carry out bureau de change business;
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Bureau de change means a person licensed under this Act to carry on foreign exchange business; "Bureau de Change Licence" means a licence granted to a person under section 6 of this Act; "capital base" means the capital base referred to in section 23(4);
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Bureau de change means a person licensed under section 30 of the Act to transact foreign exchange business;
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Related to Bureau de change

  • Bureau means the Enforcement Bureau of the Federal Communications Commission.

  • CPI means the headline consumer price index (for all urban areas) annual inflation rate, or such amended or replacement index, as published monthly by Statistics South Africa in Statistical Release P0141, available from <http://www.statssa.gov.za>.

  • metropolitan municipality means a municipality that has exclusive executive and legislative authority in its area, and which is described in section 155 (1) of the Constitution as a category A municipality;

  • Metropolitan statistical area means any of the metropolitan statistical areas as defined from time to time by the United States Office of Management and Budget.

  • Price Index means the "Consumer Price Index" published by the Bureau of Labor Statistics of the U.S. Department of Labor, All Items. New York, N.Y.--Northeastern, N.J., all urban consumers (presently denominated "CPI-U"), or a successor or substitute index appropriately adjusted. (iii) the term "Price Index for the Base Year" shall mean the average of the monthly All Items Price Indexes for each of the 12 months of the Base Year.

  • climate change means a change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability observed over comparable time periods.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Municipal Revitalization Index means the 2007 index by the

  • published market means, for a class of securities, a marketplace on which the securities have traded that discloses regularly in a publication of general and regular paid circulation or in a form that is broadly distributed by electronic means the prices at which those securities have traded;

  • Consumer means any person who is supplied with electricity for his own use by a licensee or the Government or by any other person engaged in the business of supplying electricity to the public under this Act or any other law for the time being in force and includes any person whose premises are for the time being connected for the purpose of receiving electricity with the works of a licensee, the Government or such other person, as the case may be;

  • Service Change has the meaning set forth in Section 2(B) of the Agreement.

  • Pink OTC Markets means the OTC Markets Group Inc. electronic inter-dealer quotation system, including OTCQX, OTCQB and OTC Pink.

  • market surveillance means the activities carried out and measures taken by public authorities to check and ensure that devices comply with the requirements set out in the relevant Union harmonisation legislation and do not endanger health, safety or any other aspect of public interest protection;

  • Small group market means the health insurance market under which individuals obtain health

  • Multi-Exchange Index , if applicable, means each Reference Item specified under the heading "Underlying" in the Product Terms to be a Multi-Exchange Index.

  • Website of the European Central Bank means the website of the European Central Bank currently at http://www.ecb.europa.eu or any successor website officially designated by the European Central Bank.

  • Journal means the official Journal of the European Union or successor publication thereto.

  • Bulletin means a revenue administrative bulletin.

  • OTC Markets means either OTC QX or OTC QB of the OTC Markets Group, Inc.

  • Rule change means the changing of fund rules by varying or deleting existing rules and adding new rules.

  • Technological Change means the introduction or addition of equipment, machines or instruments or the modification thereof resulting in modification of the Employee’s tasks or skills required to fulfill the requirements of the position.

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

  • Consumer Price Index means the Consumer Price Index for

  • Near fatality means an injury that, as certified by a physician, places a child in serious or critical condition;

  • Day-ahead Energy Market means the schedule of commitments for the purchase or sale of energy and payment of Transmission Congestion Charges developed by the Office of the Interconnection as a result of the offers and specifications submitted in accordance with Operating Agreement, Schedule 1, section 1.10 and the parallel provisions of Tariff, Attachment K-Appendix.

  • Scope Change means any change to the scope of a contract to accommodate a need not originally provided for in the contract and which may include the acquisition of additional deliverables or the extension of the term of the contract and which may require an adjustment to the contract price;