Cross-border payments left in limbo
Article Abstract:
The Asian currency markets are hampered by antiquated systems used to settle cross border payments. Transferring funds between Asian countries is slow and service poor, particularly for small businesses and clients deemed of minor importance. The financial institutions make money off of the float while users are left bereft of their own funds for days at a time. The problem is a major one as Asian currency markets handled payment flows of between $50 billion and $75 billion on a daily basis.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1997
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Unleashing a wave of interest
Article Abstract:
Kazakhstan's State Investment Committee is trying to attract foreign investment as it lacks the capital to develop its incredibly rich natural resources. The government of Kazakhstan consolidated all of the foreign investor licensing functions formerly held by various ministries in the State Investment Committee in 1996 in order to make it easier for foreign investors.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1997
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