Exchanging currency by way of bank accounts
September 28th 2022
Question ID : 6333bc00ceab340629dbe67e
Question
My friend wishes to change exchange with me. I will transfer Singaporian Dollars from my Singaporian bank account to his Singapore bank account. However he will pay me in Malaysian Ringgits by transfering from his Malaysian bank account to my Malaysian bank account. Is this transaction allowed ?
Answer
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