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Monday, September 22, 2008

Dollar Slips

FT.com: Dollar slips amid US fiscal worries
The dollar lost ground on Monday amid fears over the US fiscal position following the US government’s plan to create a $700bn fund to buy toxic assets from banks and thereby ease the credit squeeze.
What is repatriation of funds?

You invest money in another country and bring any portion back to your home country. That is repatriation of funds. Many countries have restrictions on or regualtions concerning repatriation of funds. Repatriation of funds can have tax implications in one or both countries.

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