Presentation Currency, Functional Currency, and Local Currency - CFA, FRM, and Actuarial Exams Study Notes
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Local currency financing is essential for businesses in developing economies to thrive. When companies borrow in local currency, they can protect themselves from the volatility of international exchange rates. This approach allows them to focus on their core business activities rather than worrying about fluctuating currency values and the impact that has on their debt obligations. In this IFC explained video Abdoul Maiga explains how local currency financing helps companies stabilize their fina
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