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Is it true that indian currency has to be converted in
foreign exchange before going to other countries?
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Answer Posted / 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.
| Is This Answer Correct ? | 2 Yes | 1 No |
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