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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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ED's probe against BBC India: How it questions the validity of FEMA over its own rules

CFO News

In March 2023, ED initiated a probe against BBC India for FDI cap breach under the Foreign Exchange Management Act (FEMA). This article by Makarand Joshi, Founding Partner, MMJC and Associates LLP delves into the the question can ministry clarifications via circulars override regulations?

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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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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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Forex reserves down by USD 4.531 bn to USD 629.755 bn

CFO News Room

The country’s foreign exchange reserves declined by USD 4.531 billion to stand at USD 629.755 billion in the week ended January 28, RBI data showed on Friday. In the previous week ended January 21, the reserves had decreased by USD 678 million to USD 634.287 billion.