Exchange
Exchange literally means trading different types of money. Its emergence as a profession can be seen as a result of people’s need to determine the accuracy of the weight and caliber of various jewels that were popular in previous centuries, and ignorance of their correct weight and caliber could be harmful. Exchange is the root of today’s modern banking.
With the use of paper money in the 17th century and the creation of modern banking and floating exchange rates between different currencies, markets such as forex were formed.
Currency transactions
It is said to all operations that take place in an exchange in order to buy and sell world currencies. This operation may include converting Tether, Bitcoin to others.
Types of exchange
The first type
Exchanges that deal only with cash buying and selling of currency (non-electronic) and gold and silver, and dealing with other currency transactions by these types of exchanges
The second type
Exchanges that, in addition to cash buying and selling of currency and gold and silver, transfer currency within the framework of foreign exchange regulations, including carrying out operations related to currency transfers through banks and credit institutions licensed by the Central Bank and providing cross-border foreign exchange services from They work through authorized brokers abroad and so on.
Digital currency exchanges
In recent years, the amount of digital currency exchanges has increased in the world, this has led to the creation of many exchanges in different countries, and Iran is not an exception. In the last decade, large exchanges have emerged in the world such as Binance, BuyBit, Cuinx, etc.
Pouresh International Business Group is active in the exchange field outside of Iran and offers you all the operations of an authorized exchange using valid global currencies.
