Solving the problem of cross-border remittance: A complete analysis of strategies and preventive measures!
April 29, 2024
In international trade, cross-border transfers are a common way of payment, but sometimes transfers can be delayed, causing inconvenience to both parties and even affecting business progress. The reasons for this situation are diverse, and understanding these reasons can help take appropriate steps to avoid or resolve problems. Here are some common reasons and response strategies: I.
South African currency exchange rate hits a record low, beware of foreign exchange risks
16 May 2023
The South African Rand against the U.S. dollar exchange rate recently reached a new record low, attracting market attention. Last Friday, the South African Rand against the U.S. dollar exchange rate depreciated 1.8% in the plate, closing the Times 19.32 Rand against the U.S. Dollar, reaching a new record low. Thro the week, the South African Rand against the U.S. Dollar fell 4.7%, the largest weekly depreciation in 9 months.
Which banks are at risk of receiving foreign exchange for export to Russia?
25 April 2023
At present, several Russian and Belarusian banks and their subsidiaries have been excluded from the SWIFT system, and several Russian banks have also been included in the Special Designated National List (SDN List) and the European Unions Comprehensive Financial Sanctions List.
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