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OpenPayd Launches Access To Quick Foreign Exchange Payments

PYMNTS

27), which will help clients access easy foreign exchange payments, according to a press release. Seamless foreign exchange is a big but complex part of that for which many firms still rely on batch processing.”. This will do away with the need for batch processing.

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India’s foreign exchange reserves move up for a third week

CFO News

Expressed in dollar terms, FCA consists of the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. However, gold reserves fell $73 million to $39.94

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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 country’s parliament passed a bill on Wednesday (July 31), which would allow the people included in the bill to start their own lending businesses and buy shares in Ethiopian banks.

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Investigation Leads Wells Fargo To Fire Four Foreign Exchange Bankers

PYMNTS

More bad news for Wells Fargo : The financial institution has fired four foreign exchange (Forex) bankers following an investigation into that business by both the bank and regulators. According to The Wall Street Journal , the reason for their terminations has not been released.

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No trading in government bonds, foreign exchange and money markets on January 22: RBI

CFO News

The 3-day variable rate repo (VRR) auction conducted by the RBI on Friday, which is scheduled to reverse on January 22, will now be reversed on January 23. Meanwhile, a 3-day VRR auction that the RBI had earlier said would be conducted on January 22 stands cancelled and instead a 2-day VRR auction will be carried out on January 23.

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White Paper - TMS ARE NOT SUFFICIENTLY TAILORED TO FULLY MANAGE FOREIGN EXCHANGE RISKS

Simply Treasury

Download the White Paper here

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Chinese Foreign Exchange Reserves At 6-Year Low

PYMNTS

China’s foreign exchange reserves have slipped below the $3 trillion mark, as measured in January. The foreign exchange regulator, the State Administration of Foreign Exchange, has said that currency reserves are adequate and will continue to provide a level of support to the yuan.