Abstract
Both the importer and the exporter need to know what means are available to make payments overseas and to receive payments from foreign buyers. They may have the option to decide whether to trade in GB Pound or a foreign currency. Before they look at these important points, it would be better to consider the international financial system as this will help in the selection of the appropriate method of payment and/or settlement of funds due.
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© 2008 Tarsem Singh Bhogal and Arun Kumar Trivedi
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Bhogal, T.S., Trivedi, A.K. (2008). Foreign Exchange Rates. In: International Trade Finance. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230594326_4
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DOI: https://doi.org/10.1057/9780230594326_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36360-5
Online ISBN: 978-0-230-59432-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)