How to save money abroad: What to know about the foreign exchange market

In 2014, Australia was one of the countries to take advantage of a global boom in foreign exchange markets.The boom helped Australia reduce its foreign exchange deficit by more than $6.4 billion, a large portion of which was attributable to a surge in the value of the Australian dollar.But in recent years, interest rates on […]

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US says $4bn of cash seized by Indonesia was transferred to Iran

Indonesian police said on Tuesday that a large amount of cash that was seized by the US authorities in Indonesia’s capital had been transferred to Tehran via a bank account.The Indonesian authorities had asked the US to return the money in cash, but the US said the money was not on their radar.The US was […]

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