What is Offshore banking center
What is offshore banking center?
Expert
Offshore banking center is a country whose banking system is organized in order to allow external accounts except normal economic activity of the country. Offshore banks function as branches or subsidiaries of parent bank. Primary activities of offshore banks include seeking deposits and grant loans in currencies in currency other than that of the host government.
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Do you think that government of the country must assist the private business in conduction of the international trade through the direct loans, loan guarantees, and/or credit insurance?
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