You are the owner of a business that has offices and production facilities in several foreign countries. Your product is sold in all of these countries, and you maintain bank accounts in the cities in which you have offices. At present you have short-term notes outstanding at most of the banks with which you maintain deposits. This borrowing is to support seasonal production activity. One of the countries in which you have offices is now strongly rumored to be on the point of a devaluation, or lowering, of their currency relative to that of the rest of the world. What actions might this rumor cause you to take?

  • CreatedMarch 27, 2015
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