Archive for May, 2008
Relaxation Of Foreign Currency Rules
Bank Negara yesterday has announced the relaxation of foreign currency rules on the amount of borrowings by local companies and individuals as part of efforts to enchance Malaysia’s competitiveness.Â
Details:
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A resident or local company was free to borrow any amount in foreign currency from its non-resident non-bank parent company, other resident companies within the same corporate [...]
May 28, 2008
Posted in: Forex Management
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Commonly Used Terms In Foreign Exchange
Arbitrage:
refers to simultaneous buying and selling of foreign exchange. The profits are made from the difference between foreign exchanges prevailing in the different centres at the same time or in different currencies.
Buying Rates:
refers to the exchange rtaes on which foreign exchange dealers are prepared to buy in the market.
Closing Position:
it means that covering is either [...]
May 27, 2008
Tags: FX foreign exchange terms Posted in: Forex Management, Treasury Terms
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