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shroff
(redirected from shroffs)

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shroff [ʃrɒf]
n
1. (Economics, Accounting & Finance / Banking & Finance) (in China, Japan, etc., esp formerly) an expert employed to separate counterfeit money or base coin from the genuine
2. (Economics, Accounting & Finance / Banking & Finance) (in India) a moneychanger or banker
vb
(Economics, Accounting & Finance / Banking & Finance) (tr) to test (money) and separate out the counterfeit and base
[from Portuguese xarrafo, from Hindi sarrāf moneychanger, from Arabic]


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The Shroffs are known to be regulars at overseas industry conferences, where they get to know about companies that could make attractive buys.
18) For details, see Makrand Mehta, Indian Merchants and Entrepreneurs in Historical Perspective, with Special Reference to Shroffs of Gujarat, 17th to 19th Centuries, Academic Foundation, New Delhi, 1990.
the official Mughal Mint authorities were expected to do the needful for all importers of bullion, foreign and used coins free of charge, but the inevitable delay at the mints during the peak season compelled them [the British] to take resort to local and informal banking and exchange facilities offered by the Bania shroffs (sarraffs)" (Subramanian, 1987, p.
 
 
 
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