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As most markets around the world become increasingly accessible to foreign companies and investors, some remain stubbornly closed. Of particular concern to corporate treasury teams, currency controls in certain locales continue to create barriers to launching or growing foreign subsidiaries. A couple of years ago, Microsoft treasury faced this situation in Brazil.

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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