Key areas of discussion With the recent depreciation of TRY, accessing hard currency in Turkey is getting much more difficult. Regulations can change arbitrarily and are often unclear. Participants reported conflicting opinions from different banks and the same banks give different opinions to different… Continue Reading “Cash repatriation from Turkey”
Chair’s commentary A good and lively session – Russia remains a place where doing business is seldom boring.The main themes:Russia has many complex regulations, which keep changing. Most participants have excellent local finance teams who keep on top of the regulatory issues – things… Continue Reading “Cash Repatriation from Russia”
Treasurers describe their company’s
current approach and recent experiences in repatriating cash to HQ from NIGERIA and answered each others’ questions.
Chairman’s commentary As usual with China, a lively discussion with many interesting experiences. Also as usual with China, people are receiving different advice, and there does not seem to be a single rule book to follow. Nearly everyone on the call is running both… Continue Reading “Cash pooling in China”
Chairman’s commentary The purpose of this call was to assess the impact COVID-19 crisis has had on cash and treasury management in Brazil. The bad news is that, some things, such as currency volatility, administrative and tax burdens, and liquidity have got even worse… Continue Reading “Repatriating Cash from Brazil”
Chair’s commentary Sadly, Argentina continues to be a very difficult place to operate. The rules are complex, and keep changing. The currency keeps depreciating, and the cost of hedging it is prohibitive. Borrowing in ARS is very expensive – above 30% – and local… Continue Reading “Cash Repatriation from Argentina”
Chairman’s commentary India has always been a difficult and highly regulated environment. However, over the past few years, a lot of treasury actions which used to be very difficult are now possible. The country continues to have one of the region’s more aggressive tax… Continue Reading “Cash Repatriation from India”