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JAMIE MILLIE ISLAMIC Maulana Mohammad Ali Jaguar Mary, Jamie Nagar New Delhi110025ETENDER NOTICE BID DOCUMENT [Two bid system]No. JMA/PICO/NIT15/201920IDate: 05.11.2019On behalf of The VICE CHANCELLOR,
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How to fill out equivalent foreign currency
01
Obtain the current exchange rate between the two currencies.
02
Determine the amount of foreign currency you wish to convert.
03
Multiply the amount of foreign currency by the exchange rate to calculate the equivalent in the desired currency.
04
Fill out the necessary forms with your personal information and the calculated equivalent foreign currency amount.
Who needs equivalent foreign currency?
01
Individuals traveling to a foreign country
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Businesses engaged in international trade
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Investors looking to diversify their portfolio
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What is equivalent foreign currency?
Equivalent foreign currency refers to any foreign currency or monetary instrument that has a value equal to or exceeding $10,000 USD.
Who is required to file equivalent foreign currency?
Individuals or businesses who transport or receive equivalent foreign currency into or out of the country are required to file a report with the relevant authorities.
How to fill out equivalent foreign currency?
To fill out equivalent foreign currency, you need to provide details such as the amount of foreign currency, the source of the currency, and the purpose of the transaction.
What is the purpose of equivalent foreign currency?
The purpose of equivalent foreign currency reporting is to prevent money laundering, terrorist financing, and other illegal activities involving foreign currency.
What information must be reported on equivalent foreign currency?
The information that must be reported on equivalent foreign currency includes the amount of currency, the date of the transaction, the names of the parties involved, and the nature of the transaction.
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