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Ethiopia Softens Banking Rules To Boost Foreign Exchange Reserves

PYMNTS

He wants to boost Ethiopia’s foreign exchange reserve, which has dropped dangerously low. The law will enable the Ethiopian-born diaspora to take part in the economic growth of the country,” said Lemlem Hadgo, chair of the Revenues, Budget and Finance Committee of parliament. “It

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Five Key Trends to Watch in 2023

Bramasol

Global Inflation and Economic Uncertainty. The McKinsey Global Economics Intelligence report says "Global forecasting institutions, such as the International Monetary Fund, the World Bank, and the OECD, as well as central banks, are trimming growth estimates to align with high inflation and slowing economic activity.".

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Turkey’s Central Bank Raises Rate Credit Card Lenders Can Charge

PYMNTS

percent for foreign exchange transactions. percent for foreign currency ones. It is an 18 basis point increase on the foreign exchange limits, noted Reuters. The country’s finance minister Berat Albayrak is expected to offer a medium-term economic plan this week, reported CNBC.

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EACT SURVEY 2021

Simply Treasury

The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk. The FX risk, given high volatility of markets and uncertainties, is back in top priorities.

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What Payments Players Had To Say About Innovating Payments In A Pandemic

PYMNTS

In a year filled with unexpected challenges and a COVID-era economic climate that proved fatal for many companies, PYMNTS was lucky to hear directly from the front lines how scores of company leaders and industry experts were coping with the crisis and turning conflict into opportunity.

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How To Mitigate The Shock Of Brexit-Like Events

PYMNTS

Any company with a budget (that is, every company) engages in some type of financial planning. Globalization has enterprises of all sizes keeping a closer eye on their exposure to risks related to foreign exchange volatility, political changes and the like. “And it’s the tools they have available to them.

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Surviving the pandemic aftermath: an FP&A perspective

Future CFO

Tam noted that FP&A professionals will then need to “revisit their financing and liquidity strategies, centralize decisions for cash release upon the applications of government stimulus, and implement tax planning strategies that can reduce cash expenditures and preserve budget.”. But recovery will not be easy.