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⍰ ASK What are the benefits of EMI accounts in terms of foreign exchange?

EMI accounts offer a multitude of benefits when it comes to minimizing costs and risks related to foreign exchange. Unlike traditional bank accounts, businesses are often burdened with hefty fees for currency conversions and are at the mercy of unpredictable fluctuations in exchange rates. However, EMI accounts provide a solution by offering competitive exchange rates and the convenience of holding multiple currencies within a single account. This not only helps businesses save money but also eliminates the hassle of maintaining multiple bank accounts across different countries. In essence, EMI accounts are a game-changer in terms of cost-efficiency and risk mitigation in foreign transactions.
 

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