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From: Jeff K. <jt...@ad...> - 2001-08-23 16:18:20
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[Jijo] I just thought I'd raise a concern here. I'm from the Philippines and here, believe me, the foreign exchange rates are more volatile than the rise and fall of the tides. That would be something quite difficult to deal with, although I don't think first world countries experience such volatility. [jeff] If a US company did business there, purchased inventory and sold goods in the local currency, but reported back to a US concern, would everything be accounted for in Phillipine Dollars or US dollars? |