Russia’s Central Bank Halts Foreign Currency Purchases Amid Ruble Depreciation
On November 27, the Central Bank of Russia announced it would suspend foreign currency purchases until the end of the year. This decision comes as the Ruble has experienced significant depreciation, losing approximately 24% of its value since August and reaching its lowest point against the US Dollar in over two years. Key Economic Factors:…
Franklin
Payment Hub Implementation Checklist
This article is written by Nomentia In today’s digitalized financial landscape, optimizing payment operations is essential for businesses to stay competitive. Here is a comprehensive checklist for finance professionals looking to implement a payment hub. Payment Hub Implementation Start by assessing your payment operations, technology, and challenges. – Manual data entry leading to errors.’ – Fragmented payment processes…
Top 5 Strategies to Control Costs in Cross-Border Finance Operations
This article is written by HedgeFlows Managing finances for a business involved in international trade introduces complexities and hidden costs that can affect profitability. To safeguard your financial outcomes, it’s crucial to identify and mitigate these expenses. Here are five key strategies to help finance teams optimize costs in cross-border operations. 1. Scrutinize Foreign Exchange…
Navigating Foreign Exchange and Interest Rates in Nigeria: My Experience at the Treasury 360 Conference
The Treasury 360 conference, organised by the Association of Corporate Treasurers of Nigeria, was an eye-opening event that brought together some of the brightest minds in finance to address the pressing challenges facing Nigeria’s economy. The event offered a rare glimpse into the critical challenges and strategies shaping Nigeria’s financial landscape. As a non-treasurer, I…
What is Supply Chain Finance?
This article is a contribution from our content partner, PrimeTrade Supply chain finance allows businesses to get their suppliers paid quickly without affecting their own accounting or cash flow. Sometimes it is called SCF, supplier finance, reverse factoring, or dynamic discounting. These different labels all describe a similar process: In dynamic discounting, the financier is…
Communication is Key: How to Communicate Treasury Changes Across the Organization
Change is never easy, especially in a corporate treasury context where every adjustment ripples across departments and processes. But let’s face it: treasury is often seen as the “black box” of finance, and poorly communicated changes can reinforce that perception. If you want to drive impact—and get people on board—you need to do more than…
Patrick Kunz