The foreign exchange manipulation scandal involving major global banks demonstrates that at their core, currency conversions are not merely operational processes. They are significant drivers of value ...
The multi-billion dollar fines handed out by a group of international regulators to banks because of their traders’ collaborative efforts to manipulate the 4pm London fix have prompted yet another ...
Two years ago Nigeria’s foreign exchange system was under extreme pressure. The naira had collapsed to historic lows, multiple exchange rates encouraged arbitrage, and a $7 billion backlog of unmet ...
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