• Business Blueprint

    L&T Finance My Loan Status

    Liang Qinqin, salesperson at Ningbo-based Zhejiang Tailong Industrial Bank, stated the coverage may help reduce currency alternate dangers for exporters. Unlike before when suppliers have been required to convert their dollars into the yuan, now they can choose a extra favorable time to alternate their cash, or by no means. Corporations that want dollars to pay for supplies and components, as an illustration, can just keep the overseas foreign money in their abroad account. Beforehand, they would have to convert their dollars into the yuan after which back into dollars when wanted. In the process, suppliers lost about 25,000 yuan ($three,798) for each $1 million that needed to be changed…

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