The challenge
For those managing business in countries where governments have banned the local currency from leaving the country, it can be a challenge to find ways to spend locally earned revenue.
An oil and gas company, which had been a client of CWT since many years, was servicing its business in Angola from CWT South Africa. At the time, it had a problem managing revenue earned in the local currency. Due to currency restrictions, it had become increasingly difficult to transfer money out of Angola. They needed to find a way to spend Angolan Kwanza on its business travel services locally.