Should you pay suppliers in euros?
3 April 2012
Q: I am responsible for relationships with suppliers in a number of European countries. Should my company be paying them in euros?
A: Jonathan Spence, head of sourcing at BarclaysB2B, writes: Despite the fact that Britain is not one of the 12 euro-zone countries, the introduction of the euro has a direct impact on the operation of many UK companies. Indeed, 60 per cent of our foreign trade is with other EU countries, the majority of whom have now replaced their old currencies with the...