Foreign exchange operation of Mercantile Bank Ltd Mohakhali branch

Abstract

In recent economy banks plays a vital role to entrust international trade, it’s quite impossible to commit international without help of banks and it also properly works to evade away risk international traders. Banks operates most effectively to settle any transactions within different countries either trade purposes or personal purposes. This report tries to identify banks role foreign exchange management through evaluating foreign exchange operations of MBL, Mohakhali Branch. The report provides a general view on Mercantile Bank Limited, theoretical aspects related to international trade and foreign exchange transactions. This study also tries to clarify the operating procedures of foreign exchange department of MBL as a commercial bank and also tries to identify some aspects of further improvement in operations.