With its high economic growth rates and burgeoning trade flows, Asia-Pacific may appear to be the Promised Land to European and US multinational corporations (MNCs) as their home markets continue to stagnate, but the region’s jurisdictional idiosyncrasies bring their own challenges for treasurers, CFOs and financial controllers. Foreign exchange (FX) controls and the multitude of currencies and standards can work against the smooth running of treasury operations, especially as these companies try to improve their liquidity management and cash visibility.
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