Exchange risk guarantee scheme

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Written on Aug 20, 2021
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Where loans are obtained in foreign currencies through either the E.I.B. (European Investment Bank) or the E.C.S.C. (European Coal and Steel Community) in connexion with aid to assisted areas, then the government will cover any exchange risk in return for an annual service charge related to the size of the loan.

Reference: The Penguin Business Dictionary, 3rd edt.


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James Knight

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...