Sentences with phrase «physical currency deposits»

Not exact matches

The BIS differentiates between wholesale digital currencies, primarily used for clearing and settlement and available to financial market participants, and «general purpose» ones, which allow the general public to effectively «acquire» digital cash at the central bank rather than hold deposits at a commercial bank or hold central bank physical cash.

Since the Fed maintains the ledger of bank deposits, they can purchase without having physical currency.

There is no substitute for a physical bank branch if you need a safe deposit box or want to exchange currencies, although non-bank currency exchanges are available in most medium to large cities.

Please be aware that it is against Interactive Brokers policy to accept physical currency (cash) deposits.