Although this makes sense from the international banks’ perspective, it shifts revenues away from the local banks where the business is originated with, among others, obvious fiscal implications. •  International banks usually establish individual limits to credit exposure in each foreign country, according to the sensitivity of the overall portfolio.
Inflation then rose from 7.4 percent in December 2010 to 8.5 percent in the first quarter of 2011, as a result of the increase in private school fees and petrol prices.