With inflation at 50% and rising, this report comprises the approaches and experiences of treasurers to accessing USD for cash repatriation and intercompany payment, currency hedging, local peso deposits and their experiences with local and international banks
This report focuses on trapped cash, evaluating the options treasurers are considering for cash repatriation and local investments / deposits. Approaches to hedging, lessons learned and initial thoughts on the eNaira were also shared.
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”
Treasurers describe their company’s
current approach and recent experiences in repatriating cash to HQ from NIGERIA and answered each others’ questions.
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”