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Money changer business in the Philippines?
Does anyone knows what are the requirements to start a money changer business? where should i change the currencies e.i. dollar to peso once i accumulated a big amount at a high appraisal.
Do i need to register to bangko sentral ng pilipinas?
Where can i get the online exchange rate everyday, i don’t want to follow the bank forex because they offered a low buying rate.
Pls give me all the details.
Thanks
When we go to Cebu for a holiday to see the wife’s family, mama takes me to a store in Opon, Cebu and the guy changes my Aussie dollars for a rate I cant turn down. Better than the banks there will change it for.
As far as I know, he does a roaring trade with foreigners from all over the world.
And, as far as I can tell, he is a store owner and nothing else, so if he can do it, you can do it.
He has no signs or advertising on his store as a money changer –
but the tourists are always there changing thier home currency cash for pesos cash???
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