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International Local Currency Payments

Sponsored By Custom House ltd.

Topics:
Accounting > Revenue Management
Budgeting & Planning > Strategy
Finance & Risk Management > Hedging

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Abstract:
In a global economy almost every business is faced with payment to international suppliers. Paying in USD and using foreign banks is not always best option when time and money are involved. Sending funds in a supplieręs local currency opposed to the US dollar can provide importers with cost savings and advantages in when dealing with foreign payments. Leading global banks and international payment providers offer sophisticated electronic solutions, making international local currency payments as easy as US dollar payments
DETAILS
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Released: June 23, 2009
Length: 4 pages
Format: PDF (212 kb)
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