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Октябрь
2023

Stop routing foreign currency transactions via US to avoid fees: Consultants

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A transaction fee is currently levied on transactions in US dollars done from one exchange earners foreign currency account to another within the country, Intercontinental Consultants and Technocrats (ICT) Chairman K K Kapila said in a statement. By routing the transactions through the American banking system, the country is losing substantial money, which is going to the Americans as transaction costs, he said.



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