Category: Education
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How the Israel-Iran War Impacts the Euro
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Introduction The conflict between Israel and Iran has, so far, not only increased tensions within the Middle East but has also sent ripples into the financial markets of Europe and beyond. The war, which intensified day by day, began to have wider repercussions, which spilled over the finishing line into the Eurozone via oil, geopolitical…
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The Impact of the Israel-Iran Tension on the US Dollar
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Understanding the Current Geopolitical Configuration The chronic tension between Israel and Iran conventionally played a role in shaping world market conditions through changes in the price of oil, investor sentiment, and even fluctuations in the value of the US Dollar. Such geopolitical elements may be considered very important in view of their impacts on regional…
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Foreign Remittance Tax: Understanding Tax Implications for International Money Transfers
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In this era of global village, people frequently send international money transfers to support their families, fund education, or execute business deals. International money transfer sounds great, but unfortunately, less glamorous is the regularity that comes with taxes on such international transactions. Indeed, because recent changes in those tax laws leave most people scratching their…
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How to Avoid Common Mistakes in International Money Transfers: A Guide for Students
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Overseas education is exciting, and it is a dream for many to study in a foreign country; however, handling money, especially when remitting it, may not be quite easy. It can range from tuition fees to living costs, issues related to international transfer fees, variations in exchange rates and sometimes even delays. Being aware of…
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How to Withdraw Money from Your Forex Card: The Ultimate Guide
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Planning a trip abroad? Awesome! Though it is a good idea, it is quite a challenge to deal with foreign currencies. Is it appropriate to carry bulky cash around? Or just trust the sketchy money changers? The forex card is a boon for world travelers. But can you really use it to get your hands…
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3 Behavioural Economics Themes Shaping Forex Rates
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Have you ever had the impression that trading in the forex market could turn into a rollercoaster? It has nothing to do with monitoring funds’ interest rates, inflation, or events that stir up currency transformations. The second side towards it is more of our own perceiving and experiencing of reality. This is where behavioral economics…
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The Impact of Balance of Payment on Exchange Rate Fluctuations
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BoP assumes utmost significance in the balance of India’s total economic transactions with the rest of the world and hence has to explain how the exchange rate fluctuation dynamics are taking place. Steered by the Reserve Bank of India, foreign exchange reserves are being proactively managed to keep the rupee steady amidst global economic uncertainties.…
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Everything You Need to Know About NOSTRO Accounts for Global Payments
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In the expanding world of global trade, where cross-border payments will surpass $250 trillion by 2027, NOSTRO accounts play a crucial yet often overlooked role in making these transactions possible. Without them, sending money across borders would become chaotic. These accounts enable banks to hold foreign currencies in partner institutions abroad, ensuring smooth and secure…
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Understanding the Role of RBI in India’s Foreign Exchange Market
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Central banks form the most integral part of setting the economic landscape for any country. One of the most important roles they perform is to get involved in Forex markets, in the case of India, which is done through the Reserve Bank of India. It guides the value of the Indian Rupee to be stable…