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Agreeing To Sell Currency At Pre-Determined Rate
Is it permissible for the bank to sell currency at a pre-determined rate that remains in effect for a certain period of time and which may be higher or lower than the exchange rate for the currency on the day the exchange takes place?
It is permissible to exchange currencies at a rate that is fixed at the time of the agreement or one that is higher or lower than the exchange rate for the currency on the day of the exchange.

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