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What are the functions of a Shroff?
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A shroff is a person who traditionally worked as a money changer or a cashier in South Asia and Southeast Asia.
Functions of a Shroff:
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Money Changing:Exchanging currency from one form to another was a primary function.
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Authentication of Money:Determining the genuineness of coins and currency notes was crucial to prevent fraud.
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Valuation of Money:Assessing the value of different currencies and precious metals was important for trade and financial transactions.
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Cash Handling:Managing and disbursing cash for various transactions was a key responsibility.
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Banking Support:Acting as cashiers or providing other financial services within a banking context was also common.