In a banner year, when growers are able to fetch good prices for their crops, Malawi is able to build up adequate foreign currency reserves. Alternately, when the country does not bring in a bumper crop, foreign currency reserves become depleted. This situation creates unpredictability for companies that rely on payments in foreign currency.

To counter this predicament, an African multilateral bank is making inroads.

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They have devised a practical solution to protect their credit lines while also helping the country to continue doing business even in times of foreign currency shortages. What makes this transaction unique? It is part of a Currency Swap program — an initiative created by the bank to ease pressure caused by the ongoing forex shortages in Malawi. Under the program, the Reserve Bank of Malawi provides specific approval for the bank to book their loans in US dollars while providing advances in local currency to their Malawian clients.

The bank is currently managing three transactions under the Currency Swap program. In some years, the forex challenge has resulted in fuel shortages — as the country did not have available foreign exchange to import enough oil to satisfy domestic demand.

Its online portal www. EbixCash World Money has also recently tied up with Paytm to provide captive forex services on their platform — an industry first. Thank You for contacting us.

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Trading accounts continues to participate in the promotion, the next insurance payout will be available after fulfilling the promotion terms. Open an Account. Trading Conditions. Trading Platform. Forex Trading: an Interactive Tutorial.

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FreshForex offers the unique insurance terms:. Open account and verify personal data. Enable Stop-out insurance for trading account. Deposit total amount of usd or more. Full terms: The promotion is valid from 08 July to 15 April To activate the promotion it is required to: Verify personal data.

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Activate promotion on trading account in the Client Area. Only one active insurance payout may be on trading account at a time.

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