Forex Managed Accounts

Posts Tagged ‘currency issue’

I know there’s the whole hard currency vs. weak currency issue. I can also understand how the sellers of these currencies earn money throught the black market trading.

But what is really confusing me is that why would anyone be willing to exchange up to or even more than double the official exchange rate in black market for a stronger currency (say wanting to buy USD with Zimbabwe dollars)? Why can’t they just exchange it at a cheaper exchange rate at the legal exchange places?

Related Websites

• Zimbabwe Visa Requirements for Tourists « RushMyTravelVisa
• North Korean Economy Watch » Blog Archive » On tobacco and hard …
• Forex Trading ? 2 X Currencies With Huge Profit Potential Now …
• Exchange Rates Affect Holiday Plans | Forex Stock Market
• Hard Currency instead of Forex as an investment?
• Job News | Make Money with Data Entry Work at Home Job on the …
• How do I exchange foreign currency, Zimbabwe dollars to US dollars …
• White House Economic Adviser Summers Says 'Dialogue' Reason for …
• Monday Morning Quarterback: The US-China Forex Play | Chinese …
• New York Stock Exchange and Euronext Opening Bell Ceremonies …
• U.S. Treasury Buys Beijing More Time on Currency Issue – Wall …
• A Complete Microsoft Money Review » 9DOWNSOFT Free Download Software
• Wait, where did all the money go? – Canada – Macleans.ca
• Lawmakers barred from Diamond field | The Zimbabwe Telegraph
• Malema denounces ZANU PF election Violence | The Zimbabwe Telegraph
• Uproar as miner offer Zimbabwe dollar retrenchment packages | The …
• Vietnam Central Bank Sets Dollar Exchange Rate At VND18,544 …
• * Ministry of Planning: Exchange Rate Feasibility Study (MUST READ …
• Basketball tourney raises money for kids with HIV/AIDS | ASU News …
• Share Quotes News: U.S. Buys China Time on Currency | Share Quotes

Technorati Tags: currencies, currency issue, exchange rate, hard currency, money, official exchange, zimbabwe, zimbabwe dollars