Foreign exchange activities of islami bank Bangladesh limited” as a study on Kawran bazar branch

Abstract

A bank is a financial institution offering deposits subject to withdrawal on demand and giving loans to the retail or corporate sector. There are different types of banks like Commercial bank, Investment bank, International bank and Islamic Bank etc. Foreign Exchange means exchange foreign currency between two countries. It we consider ‘Foreign Exchange’ as a subject, and then it means all kind of transactions related to foreign currency. In other wards foreign exchange deals with foreign financial transaction. H.E Evitt defined Foreign Exchange “as the means and methods by which rights to wealth expressed in terms of the currency of one country are converted into fights to wealth in terms of the currency of another country. Foreign exchange plays a very important role in the balance of payment of the country. Foreign exchange takes within its fold purchase (import), sale (export) of goods across the borders.