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Explaining the Black Market Peso Exchange
 
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Signup to our email list: http://complianceprep.com/youtube Get started with our 100% Guaranteed to pass CAMS Prep Course: http://complianceprep.com/cams-prep-course The black market peso exchange sounds pretty sketchy doesn't it? Well it is. In this video we go over what the exchange is, and how you can spot it in your wire transaction reviews. LIMITED TIME OFFER: Get access to our KYC Training course for FREE. https://getamltraining.com/kyctraining
Views: 3380 Compliance Prep
Black Market Peso Exchange
 
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Complex money laundering systems combining trade in physical goods with abuse of the financial system.
Views: 2956 lessonslearneduk
Drug Money Laundering: Black Market Peso Exchanges - Trafficking & Smuggling Operations (1999)
 
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Drug cartels are criminal organizations developed with the primary purpose of promoting and controlling drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises. The term was applied when the largest trafficking organizations reached an agreement to coordinate the production and distribution of cocaine. Since that agreement was broken up, drug cartels are no longer actually cartels, but the term stuck and it is now popularly used to refer to any criminal narcotics related organization, such as those in Guatemala, Honduras, El Salvador, Jamaica, Trinidad and Tobago, South Korea, Dominican Republic, Mexico, Japan, Italy, United States, Colombia, Russia, Brazil, Argentina, Peru, Bolivia, Paraguay, Afghanistan and Pakistan. Below is the basic structure of the drug cartels in Mexico: Falcons (Halcones): Considered the "eyes and ears" of the streets, the 'falcons' are the lowest rank in any drug cartel. They are responsible for supervising and reporting the activities of the military and their rival groups.[1] Hitmen (Sicarios): The armed group within the drug cartel that are responsible for carrying out assassinations, kidnappings, thefts, extortions, operating protection rackets, and defending their 'plaza' from rival groups and the military.[2][3] Lieutenants (Lugartenientes): The second highest position in the drug cartel organization that are responsible for supervising the hitmen and falcons within their own territory. They are allowed to carry out low-profile executions without permission from their bosses.[4] Drug lords (Capos): The highest position in any drug cartel that are responsible for supervising the entire drug industry, appointing territorial leaders, making alliances, and planning high-profile executions.[5] It is worth noting that there are other operating groups within the drug cartels. For example, the drug producers and suppliers,[6] although not considered in the basic structure, are critical operators of any drug cartel, along with the financers and money launderers.[7][8][9] In addition, the arms suppliers operate in a completely different circle,[10] and are technically not considered part of the cartel's logistics. Colombia, with a strong anti-narcotic strategy, has fought against groups responsible for the production of cocaine, achieving a great decrease in cocaine production. Thanks to this, White House drug czar R. Gil Kerlikowske announced that Colombia is no longer the world's biggest producer of cocaine. The production of cocaine continues to decline in this country.[54] Colombian Cartels is a generic term that usually refers to various criminal organizations involved in Illegal drug trade in Colombia: Los Urabeños Los Rastrojos The Black Eagles The Office of Envigado Ejército Popular de Liberación (Formerly considered a guerrilla movement, as of 2013 considered a drug cartel.)[55] Libertadores del Vichada Bloque Meta Other organizations in Colombia involved in drug trafficking include: ELN (Weakened by a US-backed counter-insurgency plan) FARC (Weakened by a US-backed counter-insurgency plan) Historical actors in the drug trade were: Cali Cartel (dissolved) Medellín Cartel (dismantled) North Coast Cartel (unclear status since 2007) Norte del Valle Cartel (dissolved) AUC (demobilized) http://en.wikipedia.org/wiki/Colombian_drug_cartels Image By Martin St-Amant (S23678) (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
Views: 5710 The Film Archives
4) AML Voices The Black Market Peso Exchange
 
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A case study involving the laundering of Columbian drug sale proceeds through a complex money laundering system known as The Black Market Peso Exchange, which combines genuine trade in physical goods with cross-border value exchange in different currencies. Full film Subscription Options visit: https://www.lessonslearned.co.uk
Views: 85 Lessons Learned
Money laundering, shipping and distribution strategy, supply chain management. cocaine style.
 
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Money laundering, shipping and distribution strategy, supply chain management. cocaine style.
Views: 147685 IBMBA
Doubling your money in Argentina's Black Market 🇦🇷 | Travel Stories With Ambroise Debret
 
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In this travel story, I meet with my friend Ambroise, where he tells me about how he used to exchange dollars and euros when he was in Argentina, on the black market. It was called the blue rate, or blue pesos. Ambroise has a website about marketing and growth hacking by the way, that has helped me grow this channel a lot, go check it out: https://ambroisedebret.com/ 🔥 SOCIAL MEDIA STUFF 🔥 Instagram: https://www.instagram.com/elizabethtravels/ Facebook: https://www.facebook.com/elizabethtravelsnow/ Twitter: https://twitter.com/eliztravelsnow I'm Elizabeth, I love traveling and making video. I hope you enjoy my channel! 🔥 LINKS of my gear 🔥 Camera - http://geni.us/rx100sony Gorilapod - http://geni.us/jobygorilla Tascam recorder - http://geni.us/dr05 Sjcam (aka fake gopro)- http://geni.us/sjcam Parrot Drone - http://geni.us/bebop Old Macbook Pro - http://geni.us/macbook15 Sennheiser hardphones - http://geni.us/sennheiser These links will take you to Amazon where I bought all of my gear. Also note that these are affiliate link which means that at no extra cost to you I will make a small commission if you make a purchase through these links. 🔥 BOOK ON AIRBNB 🔥 If you use my link to sign up to airBNB, you get a 35$ discount and I get a credit for my future travels! It will really help out my budget :) www.airbnb.ca/c/eviatkin
Views: 918 Elizabeth Travels
The Underground Economy: Crash Course Econ #32
 
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What is an underground economy? Whether you call it a black market, a grey market, or just the shop down the street, its about connecting people with goods outside of official channels. Some stuff happens in the underground economy because it's illegal, but a lot of the money that moves around this way is exchanged for pretty mundane goods and services. We'll talk about how these things work, and the awesome ways that economists figure out where all that money is.
Views: 379820 CrashCourse
Trade based money laundering
 
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Simmons & Simmons partner Jolyon Ellwood-Russell talks to colleague Catherine Kwong about trade based money laundering.
Black Market Trade In The Billions
 
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Check out the world's largest black markets. It's difficult to pin down numbers when it comes to how much money is exchanged around the world on the black market, but there are some estimates. To arrive at a figure of how much money is made on illicit drugs for instance, researchers take the quantity of drugs seized at an entry point and multiply that by how much the drug's street value would be in the place where they are assumed to be heading. Based on the latest estimates on select markets, drugs are the number one item traded on the black market with around 320 billion dollars tied up in drug trafficking, while counterfeit and pirated goods came in second with about 250 billion. Human and wildlife trafficking along with illicit oil trade, and other environmental black markets like fishing and logging also made the list. Another estimate of global black market exchanges known as the Havocscope Illicit Trade Value stands at a figure of 1 point 79 trillion dollars.
Views: 2018 geobeats
Dirty Dollars in Argentina
 
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CCTV's Joel Richards reports on the black market dollar to peso exchange rate in Argentina. The country's currency is taking a plunge because of it and so is its real estate market.
Views: 2035 CCTV Global Business
Nigeria's Black Market Money-Changers
 
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► Subscribe to BattaBox on YouTube: http://goo.gl/4dgy2r (Nigeria Forex) The best place to change money in Lagos is not the Forex Bureau or the bank - but the street corner with the Mallams where you can haggle for the best black-market rate and any currency: "I change all currency - I change Dollar, Pounds, Euro, Chinese currency, Dubai currency, all sorts of currency worldwide," says Mr Balai. Watch our report on Nigeria's best place to change money: (Nigeria Forex) Nigeria's Black-Market Money-Changers - how to change money in Nigeria: Officially, Nigerians are supposed to go to the bank to change foreign currency - especially due to the fear of scams and thieves taking your money. However, the 'black market' money-changers are to be found in most districts of Lagos, for example, at Allen Roundabout or along King's Way in Ikoyi. The reason, says the Mallams of our black-market Nigeria Forex, is simple: "If you buy at a bank, they will buy at a low price - but we buy higher and that is why people come to us," says Balai. "If you get $200 or $20, you no go go bank, you go come change am quick get your money," says Alhaji Yaya. "If you go to the bank you go waste time like 30 mins or 20 mins, here highest 5 mins or 1 minute you don go." Although most of the money changers are not educated from school, but when it comes to exchange rates, they are highly literate. But how do they keep up with the fast changing international rates of the global currencies such as the dollar..? "The prices comes from the CBN, the first thing in the morning is to know the prices before you start your transactions." explains Mr Balai. December is the busiest time as many Nigerians return from aboard - especially the US and UK - and bring with them plenty of foreign currency. Trust is an essential part of the transaction - any good money-changer will encourage you to count your money before you leave. But still problems remain, as Mr Balai explains: "Sometimes people come with fake money and sometimes you might not know until later after they've gone," he says. "But the honest people will come back." **** CLICK HERE TO SUBSCRIBE FOR NEW BATTABOX VIDEOS EVERYDAY: http://goo.gl/vJfFY ... YouTube: http://www.youtube.com/user/BattaBox ... Website: http://BattaBox.com ... Google+: http://www.google.com/+BattaBox ... Twitter: http://twitter.com/BattaBoxNigeria ... Facebook: http://www.facebook.com/BattaBox **** BattaBox is Nigeria's most exciting Nigeria News & Entertainment channel based in Lagos! We are the fact behind Nigerian Movies fiction, a few stories on Nigeria Forex, Nollywood in real-life and much more! **** Thank you for supporting BattaBox by clicking "Subscribe" and sharing the video with your friends with the buttons below! -- #BattaBox #BattaBoxNG #Nigeria #NigerianComedy #NigerianMusic #NigeriaFashion #NigerianNews #HowTo #Shocking
Views: 25355 BattaBox
Governments making currency exchanges illegal - the rise of black markets
 
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Talking about when governments make it hard or illegal to perform currency exchanges.
Views: 1086 mapleleafcoins
Drug Money Laundering: Black Market Peso Exchanges - Trafficking & Smuggling Opera
 
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Drug Money Laundering: Black Market Peso Exchanges - Trafficking & Smuggling Operations (19 Drug cartels are criminal organizations developed with the primary purpose of promoting and controlling drug trafficking operations. They range from loosely Drug Money Laundering: Black Market Peso Exchanges - Trafficking Smuggling Operations (1999) Drug Money Laundering: Black Market Peso Exchanges - Trafficking Smuggling Operations (1999)
Views: 41 Sheryl Lewis
Foreign currency demand revives black market
 
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(22 Nov 2017) LEADIN: The end of US sanctions promised a healthier, more stable economy for Sudan. But demand for foreign currency has pushed up black market exchange rates and led to a spike in consumer goods prices. STORYLINE: Staff are kept busy at this bank in Khartoum. The lifting of US sanctions mean there are more transactions than ever for them to process. Two decades of a trade embargo and financial restrictions are over and Sudan is doing business with America again. But that's pushed up demand for foreign currency - especially for dollars. And the government is concerned about a revival in the black market. "There is a large part of foreign exchange traded outside the banking system," says Magdi Hassan Yasin, Sudanese Minister of State for Finance. "The Central Bank (of Sudan) seeks to make all transactions of foreign exchange take place within the banking system to benefit from the lifting of sanctions." The official exchange rate is set at 6.7 Sudanese pounds to the dollar. But black market rates are more representative of the real value and there the rate is around 25 pounds to the dollar. Turbulence in the foreign exchange market has been accompanied by a spike in the price of consumer goods. Economic analyst Khalid Al-Tijani believes a trade imbalance in behind Sudan's financial struggles. "The deficit in the trade balance is about 5 billion dollars annually," he says. "So this large deficit is one of the pressing reasons on the national currency and thus has led to the continuous deterioration of the value of the pound." The end of sanctions has been a step in the right direction for the Sudanese people - but there is more work to do before the economy stabilises. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/202567887c0433b37b137a3fd2ae561b Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 65 AP Archive
Where to Find Best Black Market Money Exchange Rate
 
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"Join HoboTraveler. A Social Network Connecting Travelers" Discover new places, organize meetups, find travel partners and live abroad with the Hobo Travel Community Members save 1000's of dollars by joining https://www.hobotraveler.com/ and posting specific travel questions to people who are there now, or who have been there. Andy Lee Graham needs your financial support, it costs money to make these videos. Thank you, Andy Lee Graham Donate - Patreons, - Consulting https://www.hobotraveler.com/donate/ Buy cool Hobo products on Amazon.com http://tinyurl.com/pc85f97 Support, Andy become a "Patreon." https://www.patreon.com/hobotraveler Be on the "Ask Andy Show," Send a selfie video question to: hoboontheroad AT yahoo.com "The Hobo Way," we have escaped from the resort; Join Hobo Traveler to live anywhere https://www.hobotraveler.com Buy Andy's Book, "The Rules of Travel" on Amazon: https://tinyurl.com/y8xjc5l6
Views: 1271 HoboTraveler
DIY E004 - Exchanging Dollar/Euros for Argentine Pesos on Black Market in Buenos Aires (Dolar Blue)
 
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In this DIY Travel Guide episode, we'll show you how to exchange U.S. Dollar and Euros for Argentine Pesos at more favorable black market (Dolar Blue) rate in Buenos Aires. Detail reference guide are available on http://www.diytravelshow.com/argentinepesos Host: Charles Huang and Heather Neary Editor: Kai Mathias / Charles Huang Camera: Stan Trac Music: Bob Barnes and Mandragora Tango "Palomita blanca", "La Payanca - Nueva Guardia" With special thanks to the small amount of footage provided by the following clips: https://www.youtube.com/watch?v=_13wATB56aA https://www.youtube.com/watch?v=tUgiBq27-ps https://www.youtube.com/watch?v=di8V0BPjoos https://www.youtube.com/watch?v=rTW6cDVGEl8 https://www.youtube.com/watch?v=PI2YHDs_mgY
USA: CRACKDOWN ON DRUG MONEY LAUNDERING
 
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English/Nat In Washington the Treasury Department has warned companies in the U-S of a crackdown on a widespread drug money-laundering scheme involving purchases of American products for export to Colombia. Witnesses, including an anonymous and hooded money launderer say the black-market peso exchange system launders an estimated five billion (b) dollars a year in drug profits. And is squeezing out legitimate businesses in Colombia. It wasn't business as usual in the United States Congress on Monday. A key witness before the Senate Caucus on International Narcotics Control was a hooded, anonymous figure, referred to as "Carlos". He told lawmakers how, as a broker in the black-market, he helped launder drug money. He did this by buying products from major corporations, including Sony, Whirlpool, Kodak and General Electric. The hearing was chaired by Republican Senator Grassley. It is looking into how the black-market exchange with Colombia works. What is now known is that it developed as a way for money launderers to carry out large financial transactions without drawing attention. Carlos' voice is muffled to protect his identity. SOUNDBITE: (English) "If you really want to stop the black market, you can do it, I would say today. But if you reduce drastically those tariffs and the taxes, it will last about a month, and everybody will become legal." SUPER CAPTION: "Carlos", Anonymous Peso Broker Carlos and Colombian peso brokers act as middlemen in the money-laundering scheme and give Colombian importers I-O-Us in exchange for pesos. The pesos are then used to buy U-S dollars from drug cartels. This provides the cartels with clean currency. The brokers then use the dollars to purchase goods from American companies and smuggle them into Colombia. By doing this, the importers avoid government tariffs and taxes on foreign currency exchanges. Treasury Undersecretary James Johnson says the peso exchange system is one of the largest avenues for laundering the profits from drug sales. SOUNDBITE: (English) "This system is perhaps the most dangerous and damaging form of money laundering that we have ever encountered." SUPER CAPTION: James Johnson, Under Secretary for Enforcement, U-S Department of the Treasury Johnson says household appliances and cigarettes are some of the products most commonly involved in these illegal trade schemes. And that major U-S corporations may be participants, either knowingly or unwittingly. And he says the long arm of the law will prosecute those companies that are found to be engaging partners in the drug laundering market. SOUNDBITE: (English) "So that if there are those who are out there that are facilitating this, willingly facilitating this criminal enterprise, this criminal system, they should know that we will be vigilante and were intending to pursue this matter with a great deal of vigour. " SUPER CAPTION: James Johnson, Under Secretary for Enforcement, U-S Department of the Treasury Also testifying on Monday was former Ambassador Skol and analyst on laundering issues in Latin America. He says the dangers of black market contraband money laundering are little known and therefore not acted upon by those outside the business enforcement community. He points to American businesses as having the responsibility of knowing who "their customers, customers are". SOUNDBITE: (English) "But there is also, in my opinion, a business ethics responsibility for the free market, for the private sector community, the business community in the United States not to undermine, actively undermine in any way the business community in another country which is trying to make a buck - legitimately, if it possibly can." You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/089dce7621dd699bff363ecd963e6690 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 103 AP Archive
How Real Estate Is Used To Launder Money
 
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Signup to our email list: http://complianceprep.com/youtube Get started with our 100% Guaranteed to pass CAMS Prep Course: http://complianceprep.com/cams-prep-course In one of the first videos we discussed the three phases of Money Laundering: Placement, Layering & Integration. Real estate is often used in the Layering & Integration stages. This video covers an article out of Texas where the Federal government is taking a close look at all cash real estate deals. It's important to learn how real estate can be used, when you're monitoring transactions and conducting due diligence. All cash deals are great for the seller but may point to illicit funds. LIMITED TIME OFFER: Get access to our KYC training course for FREE https://getamltraining.com/kyctraining
Views: 9265 Compliance Prep
KFOR soldiers searching for forged euros on black market
 
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1. Wide shot of police blocking road to black market 2. Police body searching money dealer 3. British KFOR checking the streets 4. British soldier looking in pockets of dealer 5. Close up British soldier 6. Various of police checking dealer 7. SOUNDBITE (English) Khaled Alzawahreh, Chief of Police Operations: "We are trying to find out if we have problems, for example, the euro nowadays. You know with the exchange of money here, we find so many people here waiting to exchange money. So that we are as police we are checking if these people are involved in fake money problems - if they have illegal position for something like this." 8. Various of police evidence in plastic bag 9. International police car leaves market 10. Various of dealers in market 11. Close up of euros 12. Various close ups of euros being traded 13. SOUNDBITE (Albanian) Arexhep Curi, dealer: "Yes, people come to us to buy and exchange their dollars with euros." 14. Close up of euros 15. Various exteriors of Banking and Payments Authority of Kosovo 16 SOUNDBITE (English) Ajri Begu, Chairman of the Governing Board of Payments Authority of Kosovo: "I am worried that through this black market can be injected the false euros. So the police and Europol should act if there is some evidence that through this market can be injected false money." 17. Euro notes and coins being spent STORYLINE: K-FOR and Kosovan police raided the streets of Pristina on Saturday in a lightning strike to flush out forged euros. At the busy money changing market in the capital, dealers were stopped and body searched - even their pockets were emptied. Authorities fear dealers will exploit the currency changeover period by circulating counterfeit notes and coins. A traditional mistrust of banks has led to a thriving trade for money dealers in Kosovo, where, prior to the introduction of the euro, the main currency has been the German marks. But the chairman of the governing board of Kosovo's main bank urged civilians to change their money in banks for the greatest security. Ajri Begu appealed to Europol and law enforcement authorities in Kosovo to halt black market dealings and the circulation of counterfeit currency. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/2f64f04b666ecab6d06a962e3e8e5a19 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 501 AP Archive
What is BLACK MARKET? What does BLACK MARKET mean? BLACK MARKET meaning, definition & explanation
 
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What is BLACK MARKET? What does BLACK MARKET mean? BLACK MARKET meaning, definition & explanation. A black market, underground economy, or shadow economy is a market characterized by some form of noncompliant behavior with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-complaince with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the illegal economy. Examples include the drug trade, prostitution, illegal currency transactions and human trafficking. Violations of the tax code involving income tax evasion constitutes membership in the unreported economy. Because tax evasion or participation in a black market activity is illegal, participants will attempt to hide their behavior from the government or regulatory authority. Cash usage is the preferred medium of exchange in illegal transactions since cash usage does not leave a paper trail. Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or skirt price controls or rationing. Typically the totality of such activity is referred to with the definite article as a complement to the official economies, by market for such goods and services, e.g. "the black market in bush meat". The black market is distinct from the grey market, in which commodities are distributed through channels which, while legal, are unofficial, unauthorized, or unintended by the original manufacturer, and the white market. Black markets have online counterparts consisting of darknet market websites such as the Silk Road, individual websites, forums and chat rooms. While overlaps exist, the online markets are focused on specific areas including drugs, compromised credentials, malware, digital goods and weapons. Piracy specifically takes place on private or public warez and BitTorrent sites as well as various peer-to-peer file sharing networks.
Views: 4709 The Audiopedia
Argentina's informal currency market: Saving on a rainy day
 
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Florida street in Buenos Aires has become a popular destination for Argentine savers wanting to buy American dollars which, unlike their own currency, hold their value. For more video content from The Economist visit our website: http://econ.st/1elPSW0
Views: 3446 The Economist
Currency Exchange on the Black Market  Don't Get Ripped Off
 
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http://www.streetsmarttraveler.com/toolbox - In this video, Marcus talks about how to do currency exchange on the black market. He reveals the strategies of how to change your money--without getting ripped off!
Views: 1519 Marcus Sortijas
Venezuelans Turn To Black Market As Shortages Continue
 
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Venezuela's black market keeps flourishing in a country badly hit by the slump of oil prices and endemic shortages. The men and women who smuggle and sell basic goods are now referred to as "bachaqueros" a word which usually designates giant ants that carry large amounts of food. Follow us: YouTube: https://www.youtube.com/channel/UCk8QrR91ss-k5X6pKgHWHaA?sub_confirmation=1
Views: 312 News First
Dollar to Naira black market rate for February, 2018
 
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Kindly subscribe to our channel, like this video if this information is helpful to you. Visit newsbeatportal.com
US and Colombian officials dismantle money laundering network.
 
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1. Wide shot of Robert Bonner at briefing 2. SOUNDBITE: (English) Robert Bonner, US Customs Commissioner "Operation Wire Cutter is perhaps most important because it dismantled a network of Colombia's most prolific money launderers. By removing these professional money launderers from the equation, we struck a blow against drug trafficking organizations that depend on these individuals to launder their dirty, illegally obtained drug money." 3. Map showing the locations of Operation Wire Cutter's activity 4. SOUNDBITE: (English) Robert Bonner, US Customs Commissioner "This case is important because it brought together the very best investigative techniques of US and Columbian law enforcement. The level of cooperation we achieved in this case is unprecedented, and will serve as a model for future multinational money laundering investigations." 5. Reporters STORYLINE: The U-S Customs Service says it's broken up a sophisticated money-laundering network that provided services to Colombian drug cartels. Customs Commissioner Robert Bonner says 29 people in the U-S and eight in Colombia have been arrested, and that more than eight (m) million dollars have been seized along with large quantities of cocaine, marijuana and heroin. Officials say the scheme involved the use of a "black market peso exchange" -- in which drug dollars were put in U-S banks and converted into pesos. By doing this, drug dealers did not need to move cash out of the U-S. Then, the brokers use the dollars to buy U-S goods and smuggle them into Colombia on behalf of importers, who avoid high government tariffs and taxes on foreign currency exchanges. Law enforcement officials posed as the agents' brokers in the U-S and signed contracts to make 48 pickups of cash. Customs said eight money brokers arrested on Tuesday in Colombia were key players in the dismantled network. The brokers have been charged with federal money-laundering violations in the Southern District of New York and U-S officials will seek their extradition. Bonner said Operation Wire Cutter was unprecedented in that it combined the best investigative techniques of U-S and Colombian law enforcement to bring down major players in the world of drug money laundering. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ebcab3d0053602a5bf404d8892b02691 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 82 AP Archive
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 823459 CrashCourse
Govt buys forex on black market
 
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Govt buys forex on black market. THE country’s foreign currency squeeze has reportedly forced some government departments and parastatals to source the elusive United States dollars from the parallel market to fund their various acti...
Views: 13 ZimRadio
Nigeria government cracks down on black market currency dealers
 
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Nigeria is clamping-down on black market money dealers in its attempts to support the local currency, the naira. The government blames volatility of the unit on currency dealers in the informal black market. CCTV's Kelechi Emekalam has more on that story.
Views: 185 CGTN Africa
How much is Dollar, Pounds, Euro and Naira in black market for Jan 26, 2016
 
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This video gives the foreign exchange rate between the pounds and naira in the black market in Nigeria. it also gives the exchange rates of pounds, euros against the naira.
Views: 7196 Newsbeat pool banker
In this black market coins convert into notes !!!
 
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Views: 184 Indian Topic
Argentina black market
 
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Argentines are known for their passion and in 2013 the object their desire is the U.S. dollar, which is going for about double the official exchange rate on the black market.
Views: 720 Brandon Janes
🇦🇷Argentina Currency Is CRASHING! How Long Until We See Wheelbarrows of Cash?
 
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Views: 9522 The Money GPS
Black market currency exchanges in Buenos Aires - Money changers using Argentina's famous Blue Rate
 
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I've been to a few counties where international currencies are highly regulated, but Argentina was different than all the rest. Argentina had an official rate and also a black market rate - the Blue Rate - that could give you much better value for your money. The Blue Rate wasn't a secret - it was printed in the newspaper every day and it seemed like there were black market money changers on pretty much every corner in Buenos Aires. This video tells you all about Argentina's Blue Rate, how the money changes went down, and more. Thanks for watching! Don't forget to subscribe to the channel and leave a comment! Connect with me on social media: Twitter: https://twitter.com/firsthandglobe Instagram: https://www.instagram.com/firsthandglobetrotting/ Reddit: https://www.reddit.com/r/firsthandglobe/
PHILIPPINE PESO FALLS TO 12 YEAR LOW TO THE DOLLAR
 
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The exchange rate for the Philippine peso to the U.S. dollar dropped to it's lowest in 12 years. On Monday, June 10th, 2018 the peso-dollar-exchange-rate was 52.95 to 1 U.S. dollar. Philippine news agencies were full of news regarding this new exchange rate as it had not been seen in over a decade. For most of 2018, the Philippine peso had been stronger than the US dollar. Why is Philippines peso weakening now? Economists suggest that it could have something to do with the Philippines trade deficit, the recent G-& Summit, or the pending Summit between Donald Trump and Kim Jung Un of North Korea. At any rate now is the time to transfer money to the Philippines to lock in on the excellent exchange rate. My personal Philippine peso prediction is that ill go as high as 55 and then drop to between 48 to 50 by the end of 2018. PHILIPPINE PESO FALLS TO 12 YEAR LOW TO THE DOLLAR The question of the day. What is the lowest you've seen the Philippine peso to dollar rate? I would like to know your thoughts and it could help someone as well. Put them in the comments section of this video. And remember to like share and subscribe. Subscribe to our channel here: https://goo.gl/Wto46s ***AFFILIATE LINKS*** Tube Buddy - an Awesome time-saver for Vloggers https://www.tubebuddy.com/BobbieDYotubeLifeInPhil USI-Tech - Cryptocurrency Mining https://1651a948.usi-tech.info/ Swiss Global Gold - Cryptocurrency Mining https://bit.ly/2BVJKLQ ***DISCLAIMER--- If you sign up with any of the links above, I make a small commission. I use these companies. ***SOCIAL MEDIA*** Personal Facebook Page: https://www.facebook.com/bdix004 Philippines Connection Facebook Page: https://www.facebook.com/BobbieDandLisaD/ Instagram at: https://Instagram.com/bobbiedinternet... Follow us on Twitter at https://twitter.com/blacklifeinphil Follow us on Google+ at https://plus.google.com/b/10298844021... YouTube Channel: https://www.youtube.com/channel/UCPNB... Business Youtube Channel: https://www.youtube.com/channel/UCGs6... Website: Http://Lifeinphilbobbied.com Website: Http://BobbieDInternetMarketing.com Email List: Http://cika.pe/l/52461/12784/ #lifeinthephilippinesablackperonsviewpoint #lifeinthephilippinesablackperonsviewpoint -~-~~-~~~-~~-~- Please watch: "Naga Cebu Was Quiet And Peaceful Until....." https://www.youtube.com/watch?v=sufhPfRmP4k -~-~~-~~~-~~-~-
How Exchange Rates Work
 
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● We explain topics simply. So Subscribe if you want to learn while being entertained. ✔ Please like the video and comment if you enjoyed - it helps a lot! ▶ If you want a question answered then ask in the comments and we may make a video about it! About the video: You may have traveled a lot and wondered why you get more of one currency when you exchange it for another. If so, you have witnessed exchange rates in action, but do you know how they work? Watch the video to find out what exchange rates are, how to convert between them and the different systems which determine a currencies exchange rate. Historically the gold standard system had been used, which fixed currency to a select value of gold, held in a vault. The three main systems are the floating, managed and fixed exchange rate systems. The floating system has minimal government intervention, using supply and demand to determine the exchange rate. The managed exchange rate is allowed to be within a permitted band and a fixed exchange rate is usually pegged to a currency with the interest of being competitive in the international market. The video explains this in more detail and with helpful picture to guide you through the subject.
Views: 264433 SimplyExplain
Black Market Exchange Introduction with CEO Dr. Eric Patrick
 
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Our founder and CEO, Eric Patrick, introduces himself and Black Market Exchange. His vision has deemed him the title "The Hip-Hop Stock Doc." -------------------------------------------------------------------------------- 0:08 | Who is Eric Patrick? 0:38 | How has being a person of color affected your invested education? 1:04 | What is Black Market Exchange? 1:23 | How did you come up with the concept? 2:02 | Why did you get into stocks? 2:28 | Why do you plan to accomplish with BMEX? 2:44 | What's the biggest obstacle BMEX faces? 3:10 | What advice do you have for the modern generation? -------------------------------------------------------------------------------- Other episodes to check out: EPISODE 4: https://youtu.be/lhEYGrfHEHU EPISODE 3: https://youtu.be/uBBkZKmmWKU EPISODE 2: https://youtu.be/ohqbBTSMpWY EPISODE 1: https://youtu.be/42IQPyX3HpU -------------------------------------------------------------------------------- Website: http://www.thebmex.com SoundCloud: https://soundcloud.com/blackmarketexchange Twitter: https://twitter.com/BMEX_ Pinterest: http://www.pinterest.com/BlkMrktExch// Instagram: http://instagram.com/black_market_exchange Facebook: https://www.facebook.com/BlackMarketExchange -------------------------------------------------------------------------------- Hashtags: #BlackMarketExchange #ExploreYourOptions #BrentMoney #BrentMoneyLife #BeNYSE
Gap between official and black market exchange rate widens in Nigeria
 
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The Nigerian Naira seems to have so far defied all intervention moves from the country's monetary authorities as it continues on a decline especially in the unofficial parallel market. The gap between the official rate and the parallel market rate is at its widest ever. Many have called for the closure of the parallel market while others say another round of devaluation of the naira will do the trick. CGTN's Deji Badmus has been looking at the arguments.
Views: 488 CGTN Africa
Currency Appreciation & Depreciation - How it Affects the Economy | Economics
 
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In this video we will learn what is Rupee appreciation and depreciation. It is also referred to as currency devaluation and revaluation. You must have read it in the newspaper that rupee has become stronger or weaker or crashed or gained some points against the American dollar. All of this simply means that the value of rupee has either increased or decreased against the American Dollar. This topic is part of Macroeconomics. Currency Appreciation & Depreciation has a huge affect on a nation's economy. It drives Foreign Direct Investment FDI, increases foreign reserves and it also affects a country's import and export. Fill this feedback form for a better learning experience https://goo.gl/vrYPBw Click here if you want to subscribe https://www.youtube.com/user/TheRealSengupta Maps and sketches can be found on the instagram account search for "geographysimple"
Views: 14356 Amit Sengupta
What does black market mean?
 
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What does black market mean? A spoken definition of black market. Intro Sound: Typewriter - Tamskp Licensed under CC:BA 3.0 Outro Music: Groove Groove - Kevin MacLeod (incompetech.com) Licensed under CC:BA 3.0 Intro/Outro Photo: The best days are not planned - Marcus Hansson Licensed under CC-BY-2.0 Book Image: Open Book template PSD - DougitDesign Licensed under CC:BA 3.0 Text derived from: http://en.wiktionary.org/wiki/black_market
US gov't charges 80 people belonging to Colombian drug cartel
 
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APTN 14 June 2005, New York 1. Wide shot press conference, pan to pictures 2. Close ups pictures on display at press conference of seized drugs and money 3. Wide shot press conference, pan to reporters 4. SOUNDBITE: (English): David Kelley, United States Attorney for the Southern District of New York: "Over the past several days the Drug Enforcement Administration in New York, Puerto Rico, NYPD members of our joint organised crime task force together with our law enforcement partners across many borders, from Canada to Colombia, have dismantled a massive full-service Colombian drug-trafficking organisation that until his apparent death was led by Gabriel Martinez." 5. Cutaway press conference 6. SOUNDBITE: (English): David Kelley, United States Attorney for the Southern District of New York: "Is is the biggest cartel ever? No. But it's a very large organisation, and not only have we gotten the people who are shipping the drugs, which is what you're typically hearing in these cases, but as John (Gilbride, from the DEA) and Ray (Kelly, from the NYPD) mentioned, we're getting it from top to bottom. We're getting the people who are exporting it from Colombia, the people who are bringing it into the streets, the people who are involved in transporting the money, and the people who are, you know, transmitting the money for the people who bought the money in Colombia, so it's a really top to bottom operation, and this, that's what really distinguishes this case from your typical case that you talked about before." DEA - handout video and still images Dates and Locations unknown 7. Various stills of money handover in Puerto Rico 8. DEA video of a so-called "money laundering front", location unknown 9. Secret compartments in car 10. Video footage of bundles of US cash 11. Still picture of heroin 12. Various still pictures of DEA officers making arrests STORYLINE: Criminal charges have been brought against 81 defendants in federal courts in Puerto Rico and New York as part of a sweeping crackdown on a giant Colombian drug cartel, American authorities said on Tuesday. Authorities blamed the cartel for importing more than USD 50 (m) million worth of narcotics into the United States. The charges are the result of a 27-month investigation targeting the money laundering activities of four Colombian-based money brokers who hid drug proceeds through the Colombian Black Market Peso Exchange, officials said. The US Drug Enforcement Administration (DEA) said in a statement that the probe, dubbed "Operation Mallorca," has resulted in the arrests of 36 people in New York, Miami, Puerto Rico and California. The operation also seized USD 7.2 (m) million in cash, 947 kilograms of cocaine, 7 kilograms of heroin and 21,650 pounds of marijuana. The DEA release called the Black Market Peso Exchange, is a highly secretive and sophisticated operation, "the largest known drug money laundering mechanism in the Western Hemisphere." The exchange lets drug dealers evade Colombian taxes and tariffs and gain a competitive advantage over those who import legally, the DEA said. Following the money has allowed investigators to deny drug trafficking organisations more than USD 500 (m) million in profits last year alone and to increase the amount of money seized from drug dealers by 40 percent, according to the DEA. The current investigation located 300 illegal financial transfers to 200 bank accounts involving 170 separate account holders in 16 U.S. cities and 13 foreign countries, authorities said. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/46b6a32c83cc238a297b4a079e73159e Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 200 AP Archive
CURRENCY BLACK MARKET
 
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CURRENCY BLACK MARKET
Views: 55 BYNTVNews
Venezuela tackles black market for U.S. Dollars
 
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Venezuela has eased restrictions on its oil sector in a bid to get a handle on the black market for U.S. dollars. CCTV's Martin Markovits reports from Caracas. Subscribe to BizAsiaAmerica: http://goo.gl/FMKaBj Follow CCTV America: Twitter: http://bit.ly/15oqHSy Facebook: http://on.fb.me/172VKne »» Watch CCTV America 7:00pm -- 9:00pm EST daily «« Washington, DC (and greater area) • MHz - Channel 3 • COMCAST (Xfinity) - Channel 273 New York City • Time Warner - Channel 134 • FiOS (Verizon) - Channel 277 Los Angeles • Charter Cable - Channel 562 • Time Warner - Channel 155 Satellite Nationwide • DISH TV - Channel 279
Argentina scraps currency controls | Business
 
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Argentina's new government is not wasting any time delivering on its campaign promises to reform the economy. The government of free markets advocate Mauricio Macri was only sworn in last week. Yesterday, it lifted deeply unpopular restrictions on buying US dollars. That puts an end to a convoluted monetary system that made it difficult for businesses to operate and spawned a booming black market.
Views: 565 DW English
Free Demo Offer of CAMS Exam Dumps 2018
 
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Free Demo Offer of CAMS Exam Dumps 2018: Introduction to CAMS exam: The CAMS study guide is your main resource for preparing for the examination. The study guide walks you through: Money laundering risks and methods, such as Black Market Peso Exchange and import and export price manipulation The Financial Action Task Force (FATF) Recommendations, the Basel Committee’s Report on Customer Due Diligence and the Wolfsberg Group Principles Important elements of an Anti-Money Laundering (AML) program How to conduct and support a money laundering investigation. Test your knowledge leading up to the CAMS exam with quiz-style printable flashcards. The study flashcards emphasize the most critical learning points from the CAMS study guide while testing your comprehension of the material. Exam Features: Complete Acams CAMS course coverage 100% verified CAMS answers Immediate CAMS download after purchase Free CAMS sample available for download 100% correct CAMS answers Exam Details: CAMS Questions and Answers PDF Updated Version Thanks for watching this video Please Follow the Link in Video Description http://www.examkill.com/CAMS.html CAMS exam dumps, CAMS questions 2018, CAMS pdf, CAMS dumps, CAMS sample questions, CAMS, CAMS exam 2018, CAMS dumps 2018, CAMS exam dumps 2018, CAMS free dumps, CAMS exam material 2018, CAMS exam details 2018, CAMS exam training 2018, CAMS description 2018, CAMS exam collection 2018, CAMS examkill, examkill, CAMS examkill code, code CAMS 2018, code CAMS 2017, examkill code CAMS, examkill CAMS code, CAMS 2018, CAMS 2017, CAMS study guide 2018, CAMS vce, CAMS exam answers 2018, CAMS free answers 2018, CAMS practice exam 2018, CAMS certification 2018, CAMS syllabus 2018, CAMS free, CAMS book. Link: Click The Link Below For Actual CAMS Exam Questions https://www.examkill.com/CAMS.html Use Coupon code to get exclusive 20% discount: "2281149I17".
Views: 134 ExamKill
Peso-dollar: Argentine government restricts currency exchange
 
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The Argentine government has taken drastic measures to restrict the exchange of their currency, the peso, into US dollars.Duration:02:04
Views: 6514 AFP news agency
TOUGHER CURRENCY CONTROLS SPARK ECONOMY FEARS
 
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(19 May 2012) STORYLINE: There is concern in Argentina about a growing gap between official exchange rates for the peso and the black market price. With long experience of currency crises and devaluations, residents have reacted to signs of economic problems by converting savings to US dollars. The government has tried to counteract the drain by limiting dollar sales in banks and currency exchange shops to the official exchange rate, which has led many Argentines to go to the black market, where they pay a premium over official rates, pushing down the value of the peso. That followed a capital flight of 23 (b) billion US dollars in 2011, according to the Central Bank of Argentina. Argentina has been kept out of global capital markets since defaulting on its debt during a financial crisis a decade ago, so President Cristina Fernandez's government wants to keep dollars in the country to replenish central bank reserves and pay government debts. Argentines, meanwhile, are haunted by nightmares of the crisis, when banks froze deposits and the currency lost value. So they are eager for dollars to stash in vaults or under their mattress. Others send them abroad for safekeeping. Many economists say the new black market spawned by currency controls could choke back Argentina's economic growth and create even more inflation: Controls make it harder for people to do business and undermine confidence in the peso, causing it to devalue even more quickly. That can create the threat of shortages when people are unwilling to sell goods for a currency they do not trust. Under the controls imposed shortly after Fernandez won re-election in October, the country's tax agency, known as the AFIP, must approve all purchases of dollars. The formal exchange rate was 4.47 pesos per dollar on Friday, a slide of about 8.6 percent from where the peso was a year ago. But employees at currency exchange houses in downtown Buenos Aires say approvals have become more difficult recently, and only about one in 10 Argentines is now getting tax agency authorisation to buy dollars. Many have turned to so-called "exchange caves," where the free market price, known as the blue rate, tops 5.50 pesos to the dollar, 23 percent more than the official rate. The spread between the two markets has widened sharply since the government controls began. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/0a69536fed28c326eed7ecc700b9e348 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 6 AP Archive
PHILIPPINE PESO, YOUR COST OF LIVING, EXCHANGE RATES
 
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The Philippine Peso exchange rate with the US dollar gives you much more for your money with the strong dollar. I also compare British Pound, Australian dollar and Euro. THE LOWER PESO WILL MEAN IT COSTS MORE TO IMPORT PRODUCTS FROM THE USA ALSO.
Views: 3878 Amazing Philippines
3 Stages Of Money Laundering
 
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Signup to our email list: http://complianceprep.com/youtube Get started with our 100% Guaranteed to pass CAMS Prep Course: http://complianceprep.com/cams-prep-course Learn about the 3 stages of money laundering: 1. Placement 2. Layering 3. Integration We're going to cover real world examples of money laundering so you can take the theory and put it in practice. You'll see how real estate can be used in two of the three stages. LIMITED TIME OFFER: Get access to our KYC Training course for FREE. https://getamltraining.com/kyctraining
Views: 5275 Compliance Prep
Argentina buys up US dollars
 
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Subscribe to our channel http://bit.ly/AJSubscribe Argentina's government has placed a virtual ban on purchases of foreign currency and is trying to buy every US dollar available as it bids to increase central bank reserves and repay government debt. President Christina Kirchner wants Argentinians to start saving in the country's peso currency. Those measures have forced thousands to the streets to protest against what they call the government's authoritarian ways. The country has one of the highest inflation rates in the world and many Argentinians would gladly trade their pesos for the more stable US dollar. This has led to the creation of a black market where it is possible for thousands to buy and sell dollars, escaping the government's control. Al Jazeera's Teresa Bo reports from Buenos Aires. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 3917 Al Jazeera English
Argentinians react to floating peso
 
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(17 Dec 2015) RESTRICTION SUMMARY: AP CLIENTS ONLY SHOTLIST AP TELEVISION – AP CLIENTS ONLY Buenos Aires – 17 December 2015 1. People standing outside currency exchange and looking at screen showing currency rates 2. Screen showing exchange rates 3. People inside currency exchange carrying out transactions with reflection of movement of pedestrian street visible in reflection of window 4. Media outside currency exchange, pedestrians walking past stopping to look at listed exchange rates 5. People laying Argentine pesos on counter inside black market exchange 6. Machine counting pesos 7. People laying Argentine pesos and US dollars on counter inside black market exchange 8. People counting US dollars 9. People outside closed currency exchange 10. SOUNDBITE (Spanish) Carlos Fernandez, Financial services worker: "We could not continue to live in the lie that we were in, a hidden inflation, everything controlled. So now we have a free market and everything is going to go well." 11. People walking on street outside Argentine central bank 12. Exterior of Argentine Central Bank 13. People walking on street 14. Screen showing currency exchange rates 15. SOUNDBITE (Spanish) Silvia Tissoni, resident: "In the lives of common people, in daily living there were actually not that many who had the opportunity to save, to buy or sell (dollars), maybe just maybe there are not so many dollars hidden in mattresses like they think." 16. Busy avenue in central Buenos Aires with Obelisk landmark in background STORYLINE Argentina's currency sharply devalued against the U.S. dollar on Thursday as the new administration lifted deeply unpopular limits on the buying of foreign currencies. Minutes after exchange houses and banks opened Thursday, the peso initially traded at around 15 to one U.S. dollar before dropping to just under 14 in the early afternoon. That represents a 30 percent drop in value from the 9.84 official rate at the close of business Wednesday. Over the last year, the government has kept the rate fixed around 9. "We could not continue to live in the lie that we were in", said Carlos Fernandez, a financial services worker standing amdist a flurry of activity in the financial center of downtown Buenos Aires. The change was put in motion Wednesday night, when Finance Minister Alfonso Prat-Gay announced there would no longer be restrictions on buying foreign currencies. Attempting to stop capital flight, the preceding administration of President Cristina Fernandez instituted the restrictions on buying foreign currency in 2011. Locally called a "cepo," or "clamp," the restrictions were one of many protectionist policies instituted during 12 years of governments led by Fernandez and her late husband and predecessor as president, Nestor Kirchner. People who wanted to buy dollars, a common practice in a South American country with a long history of financial collapses, had to meet several requirements. And most were limited to a few hundred dollars a month - when U.S. currency was available in banks. Not everyone was convinced the move would be all that positive for many Argentines. "In daily living there were actually not that many who had the opportunity to save", said Silvia Tissoni a 45 year old office worker. "Maybe there are not so many dollars hidden in mattresses like they think", she added. There were some concerns the lifting of currency rules could lead to a run on banks by Argentines eager to buy dollars, however, as of Thursday afternoon, there was no indication that throngs were rushing to the banks, a sign that many are likely waiting to see what happens. =========================================================== Clients are reminded: You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/6f9a1d608a4b3259d213ac9694af69a0 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 92 AP Archive