Earnings in currency exchange offices are based on the difference in the exchange rate. Moreover, this rate is set by the exchange office itself. This business can bring in up to 5 thousand dollars a month.
It is necessary
agreement with the bank
Instructions
Step 1
In accordance with the legislation, only a credit institution can open a currency exchange office. Therefore, if you are an individual entrepreneur, then conclude an agreement with the bank. Such banks provide an opportunity to participate in foreign exchange cash exchange operations under their license.
Step 2
To start such cooperation with a banking institution, get a job at a bank as a manager or manager of an exchange office. You will have to take upon yourself the solution of such issues as the search and rental of premises, its equipment, selection and employment of personnel. In relation to the bank, you will need to pay commissions on a monthly basis and comply with the established regulatory instructions of the Central Bank of the Russian Federation.
Step 3
Choose the location of the exchange office on the territory of a large crowd of people. Analyze the pricing policy of competitors in this place. An increased selling rate indicates the greatest demand for specific banknotes. Experience also shows that near shopping and entertainment centers, currency is more often exchanged for rubles, but in residential areas everything is the other way around. Arrange the lease of the premises at the bank. You will need an area of no more than 7 square meters with armored windows and doors, an exhaust hood, fire and burglar alarms. When setting up, you will need a computer with cash flow control programs, a banknote detector, a safe and a banknote counter.
Step 4
In the state, you will need to register two cashiers with a shift work schedule. Official registration must also take place through a bank. Install a video surveillance camera in the room to avoid theft. Or set a fixed amount of revenue that cashiers will have to hand over to you every day, and they will take everything beyond that for themselves. In order to determine the amount of this amount, you will need to work as a cashier yourself for some time.
