The International Monetary Fund (IMF) is continually striving to strengthen the process of reviewing issues relating to exchange arrangements, restrictions, and markets. At the core of one of its responsibilities is to issuing periodic reviews on the trends and developments. The International Monetary Fund (IMF) has released the staff report on the revised and extended methodologies...
Currency
Transferring money abroad is surrounded by mystery by those faced with currency transfers. How does it work? how much does it cost? How long does it take? what is the best currency exchange rate? Life gets even more complicated with regular payments abroad. No wonder most of us head for the safety of our banks to underatake money transfers for us. Many overseas property buyers and those...
The annual survey by International Financial Services London (IFSL) reports that the Average daily turnover on the UK's foreign exchange market reached $1.1 trillion in April 2006, up 41% from the previous year IFSL’s who produced the report is the only independent cross-sectoral organisation representing the UK financial services industry. IFSL serves the UK financial industry by...