{"id":52016,"date":"2023-08-21T16:17:37","date_gmt":"2023-08-21T16:17:37","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments"},"modified":"2023-08-21T16:40:30","modified_gmt":"2023-08-21T16:40:30","slug":"forex-markets-facilitate-intl-trade-and-payments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments","title":{"rendered":"Forex markets facilitate int\u2019l trade and payments"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Bank Windhoek\u2019s chief treasurer Claire Hobbs says foreign exchange markets facilitate international trade, payments, financial transactions and investments. She made this statement last week while reminding clients about the bank\u2019s Onshore Foreign Currency (OFC) and Customer Foreign Currency (CFC) Accounts.<\/p>\n

Hobbs noted that these multi-currency borderless accounts allow the account holder to send and receive payments in various currencies. \u201cThe account can either be maintained by a bank in the home country, onshore, or by a bank in another country, offshore,\u201d she said.<\/p>\n

The OFC is aimed at individuals for investment purposes, while the CFC will be used by businesses to mitigate the exchange rate risk when making or receiving payments in foreign currency for business purposes. \u201cThe two products benefit frequent travellers and businesses who often transact or save in multiple countries. In addition, these accounts attract no account management or monthly fees, with no hidden charges, while paying interest on credit balances, depending on the amount and currency,\u201d continued Hobbs.<\/p>\n

To promote the two types of accounts and inform customers interested in diversifying their currency holdings or having specific foreign currency needs, Hobbs shared that the bank would execute an online awareness campaign highlighting the benefits of these accounts, and customers can apply if they fulfil the requirements.<\/p>\n

Hobbs added that the campaign\u2019s creative approach communicates the ease of transacting internationally, transcending language, culture and geographic boundaries as the bank continues journeying together, enabling individuals to become global citizens unhindered by continuous market fluctuations as they trade and transact with various foreign counterparts. \u201cOFC and CFC can propel them into a world of opportunity and improved lifestyle with numerous currencies within reach,\u201d she said.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Bank Windhoek\u2019s chief treasurer Claire Hobbs says foreign exchange markets facilitate international trade, payments, financial transactions and investments. She made this statement last week while reminding clients about the bank\u2019s Onshore Foreign Currency (OFC) and Customer Foreign Currency (CFC) Accounts. Hobbs noted that these multi-currency borderless accounts allow the account holder to […]<\/p>\n","protected":false},"author":84,"featured_media":52015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-52016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nForex markets facilitate int\u2019l trade and payments - Namibia<\/title>\n<meta name=\"description\" content=\"Bank Windhoek\u2019s chief treasurer Claire Hobbs says foreign exchange markets facilitate international trade, payments, fin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex markets facilitate int\u2019l trade and payments\" \/>\n<meta property=\"og:description\" content=\"Bank Windhoek\u2019s chief treasurer Claire Hobbs says foreign exchange markets facilitate international trade, payments, fin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T16:17:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-21T16:40:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/08\/sm_1692623381.175966.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Forex markets facilitate int\u2019l trade and payments\",\"datePublished\":\"2023-08-21T16:17:37+00:00\",\"dateModified\":\"2023-08-21T16:40:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/08\/sm_1692623381.175966.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/forex-markets-facilitate-intl-trade-and-payments\",\"name\":\"Forex markets facilitate int\u2019l trade and payments - 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