Fort Myers, FL (PRWEB) August 18, 2015
Currency Liquidator began as a humble eBay store specializing in hard to source Iraqi Dinar, Vietnamese Dong, Indonesian Rupiah and Afghan Afghani. They've become a global player in foreign exchange and currently offer nearly 30 currencies from some of the most remote countries in the world, which typically are not sold on other major exchanges.
Ryan Sasser, CEO of Currency Liquidator, stated that the company has recently expanded its line of currencies. "Reaching the point where we could grow and increase our selection has always been the goal, but the regulation surrounding money service businesses can be hard to navigate and manage,” said Sasser. “We have found the right team members to make this dream a reality and we couldn't be more proud."
Currency Liquidator is taking the following steps to build market share and expand currency offerings:
1. Building relationships with foreign banks, and currency exchangers. Currency Liquidator analysts conduct due diligence of currency providers to authenticate all currency notes they hold. Currency Liquidator is careful to avoid working with any provider that is involved in money laundering, fraud or funding terrorist activities abroad. Currency Liquidator typically purchases uncirculated bills directly from the central bank of the source country.
2. Build a supply chain. One of the most difficult parts of the Currency Liquidator business model is importing the currency while abiding by all applicable regulations. Currency Liquidator guarantees all their notes are sourced legally from non-criminal distributors. "We had a lot of experience from building out the supply chain to be able to sell the Iraqi Dinar, but every country and government has different rules and regulations to navigate," said Sasser.
Sasser said Currency Liquidator intends to expand its currency offerings now that these details have been ironed out. "There are over 180 currencies throughout the world we plan to sell every one of them within the next 12 months which would make us the most diverse currency exchange in the world."