WINGS OF MONEY CIRCULATION
Money is the basic unit for human survival. Human needs can be solved only through money. Money is used as a medium of exchange for goods or wealth. After the introduction of printed currencies the earlier ‘barter system’ came to an end. Due to the emergence of industry, business, commerce, marketing and finance money transfer occupied a prime place in the world.
Because of the advancement of communication and technology transfer money from one place to another place because very easy. Besides this the e-mail system of sending money is a boon to the gift of the business community. First of all the banking system introduced the money exchange system. It became more popular and a safest method. Instead of causing bulk of amount of money one can do transactions through the way of money transfer by means of cheque, mail transfer, demand draft and traveler cheque etc.
Comparatively with the above said methods International money transfer way is unique one. This is the easiest cheapest and a quickest method of sending money from one country to another country. Now this is the popular way of International level money transfer system. Under this method the depositor can transfer the money to his clients with in few minutes. This is the genuine method of transferring money. This is the cheapest and time consuming risk free way of money transfer. The receiver can get money instantly.