FOREIGN EXCHANGE CONTROL Foreign Exchange Control refers to the control of international monetary and economic transactions involving foreign exchange either by government directly or a centralized agency like central bank. These are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Common foreign exchange controls include: Banning the use of foreign currency within the country
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SPRATLY ISLANDS NEWS Every Filipino should be aware of the real score at the Scarborough Shoal‚ as the situation is getting very serious. In a unilateral act of aggression‚ China recently announced that the Spratly Islands‚ Paracel Islands and Maclesfeild Bank would now be administered by its own political entity called Sansha City. The newly formed administrative body calls for the construction of Chinese military barracks in our islands‚ headed by no less than a Senior Colonel from the Chinese
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and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately. The size of the world stock market was estimated at about $36.6 trillion at the start of October 2008.The total world derivatives market has been estimated at about $791 trillion face or nominal value‚[2] 11 times the size of the entire world economy. The stocks are listed and traded on stock exchanges which are entities of a corporation or mutual organization specialized in
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Foreign trade financing is an integral part of banking business. Documentary Credit (also called letters of credit or “L/Cs”) is the key player in the foreign exchange business. With the globalization of economies international trade has become quite competitive. Timely payment for exports and quicker delivery of goods is‚ therefore‚ a pre-requisite for successful international trade operations. Growing complexity of international trade‚ separation of commercial parties across the globe and operating
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The Nigerian foreign exchange market; rate determination; control and prospects for Naira convertibility Good morning members of the high table‚ my colleagues in the industry and all other distinguished guests. It is my greatest pleasure to present this paper at the Foreign Exchange seminar organized by the Chartered Institute of Bankers of Nigeria. I hope I am able to shed light on this extremely challenging topic. Definition: The foreign exchange market can be defined as the collective
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2184465 Risk Management �PAGE � �PAGE �1� Treasury Risk Management CURRENCY AND INTEREST RATE SWAP _A CASE STUDY OF THE AUSTRALIAN FOREIGN EXCHANGE MARKET_ ABSTRACT Business transactions occur on the international front and there are laws and regulations regarding the pricing of the long-term forward exchange contracts. It is noted that the violation of the traditionally covered interest arbitrage pricing relation has been rampant and that the activity in the international currency and interest
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Study –Brac Bank Ltd 16-20 INTRODUCTION: Interest Rate Risk - In the process of FIs performing their asset-transformation function‚ FIs are exposed to Interest Rate Risk‚ from Mismatched Maturity/Duration: Borrowing Short‚ Lending Long. The risk that an investment ’s value will change due to a change in the absolute level of interest rates‚ in the spread between two rates‚ in the shape of the yield curve or in any other interest rate relationship. Such changes usually affect securities inversely
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Ellis Island Web-quest 1. Open the Internet and go to the following website: http://teacher.scholastic.com/activities/immigration/tour/ 2. Read the introduction and answer the following question: How many immigrants came through Ellis Island on their way to America? [1] More than 12 million 3. Click on “Learn more about Ellis Island” and answer the following questions: Where is Ellis Island located? [1] In New York Harbor‚ near Manhattan Who was the President that established an immigration station
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1. Intoduction Spratly Islands is made up of over a 100 islands‚ shoals and reefs. The land area is less than 5 square kilometers right at the center of West Philippine Sea. So why do regional players such China‚ Taiwan‚ Vietnam‚ Malaysia‚ Brunei and the Philippines squabbling over it? And what is the interest of the United States of America in the issue? The simple answer is the potential for oil and natural gasoline in the area. The more complex geopolitical answer is power projection.
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THE COLUMBIAN EXCHANGE During the late 14th century‚ Europeans had occupied themselves in a severe and demanding exploration of the unknown world that surrounded them. They were very curious as to what they could find. One of the biggest findings European sailors eventually discovered was a connection of the Old World (Europe) and the New World (the Americas). This was called “The Columbian Exchange.” The Columbian Exchange‚ between the Europeans and the Native Americans‚ was a significantly
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