richRoam: Functions of Int'l Banking

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Showing posts with label Functions of Int'l Banking. Show all posts
Showing posts with label Functions of Int'l Banking. Show all posts

Tuesday, February 21, 2023

Functions

February 21, 2023 0
1.      Maintain foreign currency accounts Foreign Exchange has become the lifeblood of any economy. Countries have liberalized their economy for the free transfer of capital, foreign investment, and foreign trade.  Banks have been allowed to maintain foreign currency accounts in major currencies viz, US Dollars, Pounds Sterling,...