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Outside of traditional financial institutions, some people also work as independent cambistas, 🍋 often called "black market" or "street" changers. These individuals usually operate in countries with strict currency exchange controls, where there 🍋 is a significant difference between the official and black market exchange rates. They buy currencies from travelers or businesses at 🍋 a lower rate and sell them at a higher rate, making a profit from the spread. However, this type of 🍋 activity is often illegal and can result in severe penalties.
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