Is it true that indian currency has to be converted in foreign exchange before

Is it true that indian currency has to be converted in
foreign exchange before going to other countries?

Question Posted / geniusbittu

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Is it true that indian currency has to be converted in foreign exchange before going to other count..

Answer / badri.jena

Of course. There is no ambiguity ,conversion is must.e.g if
u go to England u can not do any transaction through INR.
You have convert it to GBP (Currency of England).
Thus wherever u go to foreign country u need to convert to
that respective currency.There are some theories upon which
conversion rate is determined. For further study u could
refer to any International financial management book.

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Is it true that indian currency has to be converted in foreign exchange before going to other count..

Answer / harwinder singh

certainely,it is true.conversion is inevitable.If you don't
convert one country's currency to respective country's
currency ,you will not be able to buy anything.So
conversion is must.

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Is it true that indian currency has to be converted in foreign exchange before going to other count..

Answer / krishna

if u want go other countries for the purpose
of education and for the vocation dat tym u need to convert
Indian currency in foreign currency through the banks
...

Is This Answer Correct ?

1 Yes

1 No

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