Let’s get physical with wholesale banknotes

Money trade: Banknotes trading involves both retail and wholesale. – Reuters

EVER wondered how your neighbourhood Bureau De Exchange source their physical foreign currency?

As much as we are inclined to look at the electronic trading of foreign currencies in an investment banking setup and the factors that drive these currencies, the physical trading of currencies is always ignored. Beyond what is observed from the electronic screens at the Bureau De Exchange, there is a whole different world out there when it comes to the physical part of trading foreign currencies. Wholesale banknote trading is rigorous with a roll up the sleeve approach.